- Before 0.0%; revised to +0.1%
- Retail sales +0.8% versus +1.0% over one year expected
- Before -0.4%; revised to -0.3%
- Retail sales (excluding automobiles, fuel) -0.3% versus +0.3% m/m expected
- Before +0.2%; revised to +0.3%
- Retail sales (excluding automobiles, fuel) +0.4% versus +0.9% year-on-year expected
- Before -0.5%; revised to -0.4%
It’s a rather disappointing reading, with the breakdown showing food store sales volume down 0.7% and department store sales down 3.8% over the month. Non-store retail sales also fell 1.5% in March. All this was largely offset by an increase in sales of other non-food stores (+1.8%) and sales of automotive fuels (+3.2%).
Regardless, the gap between sales value and volume still largely persists. And it indicates the impact that higher inflation has had on UK spending over the past two years.
This article was written by Justin Low at www.forexlive.com.
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