Latest retail sales figures offer ‘glimmer of hope’

Meadowhall shopping centre Sheffield

Retail sales increased in January as ‘pent-up consumer demand’ eased, the latest data shows.

The volume of sales increased 0.9% during January compared with the previous month, according to the latest data from the Office for National Statistics (ONS).

The amount spent increased 1.2% during the same period and both measures registered 2.1% and 0.8% increases compared with January 2019.

The increases were driven by a 3.9% uptick in the amount of fashion sales and a 1.6% increase in department store sales. The amount of household goods bought dropped by 1.1% compared with the previous month.

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