Encouraging signs in February

Retail sales had a real boost in February – on a like-for-like basis, they were up 2.7% from February 2012. On a total basis, sales were up 4.4%, the fastest growth rate since February 2010.

The British Retail Consortium’s Director General, Helen Dickinson, said: “There are certainly highly-welcome signs here of gradual improvement and customers feeling a bit more positive. February saw growth across all parts of retailing, with big-ticket goods and items for the home recovering particularly well, possibly reflecting better conditions in the housing market.”

She went on to call for the Budget this month to support consumers and retailers to ensure these figures are not just a short-lived phenomenon.