UK consumers defy weak outlook to ramp up their spending
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 21 2025
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Should l Buy ?
Source: Reuters
Retail Sales Growth: British retail sales rose by 1.7% in January, marking the first increase since August and exceeding economists' expectations, although overall sales volumes fell by 0.6% over the previous three months.
Economic Outlook Concerns: Despite the positive sales data, economists warn that consumer optimism may not last due to a generally pessimistic mood among households and potential impacts from tax increases on major retailers.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
