• UK retail sales fall 1.3% in March

Market news

21 April 2016

UK retail sales fall 1.3% in March

The Office for National Statistics released its retail sales data for the U.K. on Thursday. Retail sales in the U.K. fell 1.3% in March, missing expectations for a 0.1% drop, after a 0.5% decline in February. February's figure was revised down from a 0.4% decrease.

The decline was driven by a weak demand in all categories. Food sales were down 1.9% in March, while non-food store sales decreased 1.5%.

On a yearly basis, retail sales in the U.K. climbed 2.7% in March, missing forecasts of a 4.4% increase, after a 3.6% rise in February. February's figure was revised down from a 3.8% gain.

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