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UK Retail Sales (Feb. 2024)

Unchanged retail sales volumes in February (CE forecast 0.0% m/m, consensus -0.4% m/m), as shoppers largely shrugged off the unusually wet weather, provided further evidence that a rebound in retail activity, and perhaps the wider economic recovery is underway. And as inflation continues to fall, rising real household incomes should support retail activity throughout 2024.

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