Business News

UK: Retail sales drop last month

(MENAFN)Official statistics have showed that retail sales dropped piercingly in January with a lot of stores shut amid the newest COVID-19 lockdown constraints.

The Office for National Statistics (ONS) stated that sales contracted 8.2 percent in January from the month before.

Department and clothing store sales were mainly affected last month, the ONS added.

Though, the share of online sales reached a record high and accounted for over a third of total expenditure.

The ONS’s deputy national statistician for economic statistics, Jonathan Athow stated that “The latest national lockdown led to a sharp monthly fall in January’s retail sales, with April 2020 the only month on record to see a bigger slump”.

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