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UK retail sales unexpectedly decline in March

by ChemOrbis Editorial Team -
  • 24/04/2015 (14:59)
According to media reports, retail sales in the UK unexpectedly declined in March, posting the first decrease in six months. The country’s retail sales, including auto fuel sales, declined 0.5% month over month in March after increasing 0.6% in the previous month. Economists’ initial estimates called a gain of 0.4%.

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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