Bumper January sales rise of 2.3% is biggest monthly increase for two years as retailers cleared unsold stock from disappointing Christmas runupRetailers enjoyed a bumper January after cutting prices to clear stock,with sales rising at the fastest rate in two years. Retail sales volumes leapt 2.3% from December, the Office for National Statistics said, and smashing forecasts from City economists for a rise of 0.8%. It was the biggest monthly rise since December 2013 and compares with a 1.4% decline in December.
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Source: theguardian.com