Overview

• February 2025 retail sales grew by 1.0%, surpassing expectations of a 0.4% decline, with annual sales up 2.2% compared to February 2024.
• Non-food categories, particularly household goods and clothing, drove the growth, supported by widespread discounting.
• Food sales declined after a strong January, while overall retail volumes remain below pre-pandemic levels.
• This marks the first three-month retail sales growth since November 2024, with volumes rising by 0.3% over the period.
• Retailers are preparing for rising operational costs in April 2025, including higher wages and taxes, while consumer confidence remains low.