Photo by Anna Dziubinska on Unsplash

Cash-strapped Official data released on Friday revealed that British households cut back on eating out and takeaways last month and instead shopped at supermarkets and discount stores, offering a surprise boost to retail sales, Reuters reported.

According to the Office for National Statistics, British retail sales unexpectedly increased by 1.2% in February compared to the previous month, returning sales volumes to pre-pandemic levels.

According to economists polled by Reuters, retail sales volumes in February were expected to be 0.2% higher than in January. Sales increase in January was also revised to 0.9% from 0.5%.

“In the latest month, discount department stores performed strongly with food shops also doing well as consumers, confronted with cost-of-living pressures, cut back on eating out or purchasing takeaways,” ONS statistician Darren Morgan said.

Nonetheless, Friday’s report indicated that retail sales volumes in February were still 3.5% lower than a year earlier.


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