UK: Annual Retail Sales fall by 0.6% in January

On an annual basis UK Retail Sales dropped 0.6% in January, compared with the 0.1% rise in December, National Statistics reported on Friday. Analysts expected an increase of 0.8%. Month-over-month UK Retail Sales slid 0.6%, following the 0.3% drop and against expectations of 0.4% growth.

Year-over-year Retail Sales excluding Fuel climbed 0.2%, down from +0.8% and below expectations of a 1.4% increase. On a monthly basis Retail Sales excluding fuel dropped 0.5%, following a 0.4% dine and against market consensus of +0.4%.