The UK's retailers sector revealed the new year's sales grew at its fastest pace in just over two years.
The Confederation of British Industry (CBI) said 51 pct of retailers reported January sales volumes were higher than a year ago, while 21 pct said they were lower.
The ensuing net balance of +30 pct is the highest since December 2004's, and way above market expectations of +9 pct. Meanwhile, the three-month moving average increased to its highest since January 2005 at +15 pct.
CBI said these buoyant trading conditions are seen continuing in February, with the expected volume of sales balance in Feb seen at +22 pct
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