UK retail sales jump fuels recovery hopes

2012-02-17 4

Retail sales in Britain unexpectedly soared in January. Sales volumes rose 0.9 percent month on month to give an annual rise of two percent.
 
Economists had forecast a monthly fall of 0.4 percent in sales. This compares with a monthly rise of 0.6 percent in December, when shops lured cash-strapped customers with hefty pre-Christmas discounts.
 
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