UK retail sales declined more than expected in March and the falling trend is likely to continue as consumer confidence fell to near record low in April amid rising inflation and interest rates.
Retail sales dropped 1.4 percent on a monthly basis, largely due to the 7.9 percent fall in non-store retailing. Sales were forecast to fall 0.3 percent after a revised 0.5 percent decrease posted in February.
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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.