UK retail sales unexpectedly decline in March
The decline was attributed to lower fuel sales, which dropped 6.2% on the month in March. Food sales rose 0.4% while non-food sales declined 0.1% compared with February.
On a yearly basis, however, UK retail sales including fuel grew 4.2% after posting an increase of 5.4% in February. The country’s yearly figures for retail sales also fell below economists’ initial estimates, which called for an increase of 5.4%.
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