New Year fitness craze fails to boost retail sales as consumer spending flounders | WHAT REALLY HAPPENED


New Year fitness craze fails to boost retail sales as consumer spending flounders

PUMPED up spending on gym wear and fitness equipment could not prevent UK retail sales sagging in January. Concerns mounted that cash-strapped consumers will struggle to power economic growth after official figures showed sales volumes edging up by just 0.1 per cent from the previous month, when they declined by 1.4 per cent.

This was well below economists’ forecasts of 0.5 per cent growth, while the 1.6 per cent year-on-year improvement also undershot predictions.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA