Retail sales growth sluggish in March

clock

UK retail sales rose by a worse than expected 0.4% from February to March, figures from the Office for National Statistics (ONS) show.

In the month to March food stores increased by 0.1% while predominantly non-food stores increased by 0.3%, the ONS says, with rises across all sectors apart from textile, clothing and footwear stores, which decreased by 1.1%. The largest rise was non-specialised stores at 1.5%. The ONS has also revised February's growth up to 2.5% from an initial reading of 2.1%. Sales volumes in the three months to March decreased by 1.7% compared to the previous three months. This is the largest decrease since monthly records began in January 1988. Year on year, the volume of retail sales in Marc...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

'Budget will be a reset for our economy' Reeves tells IMF colleagues

'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock 24 October 2024 • 2 min read
Advisers urged not to let clients 'act too soon' ahead of Budget

Advisers urged not to let clients 'act too soon' ahead of Budget

Communication is about ‘staying calm and keeping clients focused’

Isabel Baxter
clock 22 October 2024 • 5 min read
Why the Bank of England needs to stop over-sharing

Why the Bank of England needs to stop over-sharing

'We are used to the comments of central bankers moving markets'

Laith Khalaf
clock 17 October 2024 • 4 min read