UK retail sales dropped unexpectedly in February as people returned to work with the easing of restrictions and the online shopping declined, data from the Office for National Statistics revealed on Friday.
The retail sales volume dropped 0.3 percent month-on-month, in contrast to the 1.9 percent increase in January. Sales were forecast to climb 0.6 percent. Likewise, excluding auto fuel, retail sales volume decreased 0.7 percent, reversing the 1.7 percent increase a month ago. Economists had forecast a 0.5 percent increase.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.