Global Economic News

UK Retail Sales Log Unexpected Fall In February

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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by RTTNews Staff Writer

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