UK Retail Sales Growth Worst in 15 Years in January, says BRC (Daily FX)
UK Retail Sales fell -0.7% in January after adding 1.1% in the previous month according to the British Retail Consortium. BRC Director General Stephen Robertson called the outcome “an awful start to the year,” adding that the outcome amounted to “the worst January sales growth in the 15 years we’ve been running the survey.” The coldest start to the year since 1987 was cited as the reason for poor performance, with heavy snowfall keeping consumers away from shopping for all but the bare necessities.