UK: Annual Retail Sales drop 0.5% in March

FXstreet.com (Barcelona) - National Statistics informed on Thursday that year-over-year UK Retail Sales dropped 0.5% in March, compared with the 2.5% increase in February and slightly above below forecasts of -0.5%.

On a monthly basis UK Retail Sales fell 0.7% in March, after growing 2.1% in February and almost in line with expectations of declining 0.8%.

Annual Retail Sales excluding Fuel increased 0.4%, down from the 3.2% rise and below market consensus of 0.9% growth. Month-over-month Retail Sales excluding Fuel dropped 0.8%, following a 1.9% increase and below expectations of -0.5%.