UK retailers reported a sharp decline in sales in February due to poor weather conditions, the Distributive Trades Survey results from the Confederation of British Industry showed on Tuesday.
The retail sales balance fell to -43 percent in February from -17 percent in January. However, the pace of decline was expected to ease next month as the balance rose to -17 percent.
A net 16 percent of retailer judged sales for the time of year to be "poor" compared to -15 percent in January. Next month's sales are expected to fall short of seasonal norms to a lesser degree, with the balance rising to -9 percent.
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