Friday, February 17, 2012
Retail sales jump in January
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

Another upside surprise. Surveys had suggested retailers struggled in January but official figures showed a 0.9% jump in volumes compared with December and a 2% rise compared with a year earlier. Sales values were up by 4.4%.

If you wanted to make the case that lower inflation will bring forward more spending there's support in these numbers. Retail inflation (the retail sales deflator) fell to 2.2%, its lowest since November 2009. More here.