U.K. Retail Sales rose above estimates

Market news

26 March 2015

U.K. Retail Sales rose above estimates

Retail Sales for February rose +0.7% compared to a decline in January of -0.3% and above estimates predicting an increase of +0.4%. Year on year Sales rose +5.7% according to the Office for National Statistics.

A lower inflation rate and real wage growth boosted sales. Lower costs for food and energy were the main drivers.

United Kingdom: CBI retail sales volume balance, March 18 (forecast 20)

Eurozone: M3 Money Supply rose less-than-expected, Private Loans decreased

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