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British Retail Sales Rebound in January, Rising 1.9% Faster-than-Expected

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Close-up Of Stacked Coins With Red Arrow In Front Of Multi Colored Shopping Bags

Retail sales have rebounded as shoppers returned to high streets after the Omicron variant wave in the UK economy.

Source: Office for National Statistics

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Retail sales volumes across the UK rose by 1.9% in January, faster than expected, and the biggest monthly increase since the pandemic restrictions were lifted last spring.

That bounce-back covered almost half of the 4.0% fall in December when the increase in Covid-19 cases and pandemic restrictions slowed down spending and increased retail spending to 3.6% above its pre-pandemic levels.

The recovery was attributable to an increase in spending at non-food stores such as household goods and garden centers. Household stores sales volume increased by 7.5% in January due to solid growth in furniture and lighting stores by 16.6% and electrical goods stores by 16.0%.

Meanwhile, clothing stores posted a 5.0% fall over the month due to January sales being less generous.

On a yearly basis, people purchased 9.1% more products than a year earlier, when non-essential shops were closed in the pandemic-related lockdown.

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