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UK retail sales drop in February

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The data released by the UK Office for National Statistics (ONS) released today confirmed the sharp slowdown in the retail sales showed by British Retail Consortium figures released on March 7th.

    The headline figure dropped 0.4% m/m, but bettered the estimated drop of 0.7%. The annualized number matched estimate of 3.8%. Meanwhile, core figure rose 4.1% y/y, beating the estimated figure of 3.4%.

    Increased rainfall across the month saw clothing purchases down 2.4% on the year and 0.4% on the month.
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