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UK retail sales grew in February

Christian Fernsby |
UK retail sales rebounded on a monthly basis in February ahead of the easing of coronavirus restrictions, according to the Office for National Statistics on Friday.

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On an annual basis, UK retail sales fell 3.7% in February slowing from a decline of 5.9% in January. The latest figure missed the market forecast, cited by FXStreet, for a 3.5% drop.

On a monthly basis, retail sales grew 2.1% in February, rebounding from a fall of 8.2% in January. The month-on-month print was in-line with market consensus.

In addition, the ONS said the share of shopping done online was a record high of 36% in February.


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