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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Retail sales grow at fastest pace since 2021 in sign that ‘economy soon moving out of recession’

Recession Economy

UK retail sales rebounded dramatically in January after a disastrous December, in a rare piece of good news for Rishi Sunak that offers hope the UK’s recession will be among the smallest in history.

Retail sales volumes grew by 3.4% during the month, the fastest increase since April 2021’s post-Covid reopening, and blowing economists’ expectations of a 1.9% rise out of the water.

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