facebook
twitter
search
search

Retail off a touch in Britain in January

Feb. 15, 2013 at 12:09 PM

LONDON, Feb. 15 (UPI) -- Retail spending in Britain slipped 0.6 percent on a seasonally adjusted 12-month basis in January, the Office for National Statistics said Friday.

It was the first decline on in year-over-year growth since August 2011, ONS said.

The ONS said stores with nine employees or less experienced declines, while larger stores had an increase in sales volume in the month. "This was particularly marked in the food sector with feedback from small retailers suggesting that the heavy snow fall in the later half of January affected sales," the ONS report said.

ONS said sales receipts were little changed from January 2012, but sales at gasoline stations provided the largest drag on sales overall.

Excluding gas station sales, the amount of money spent at the retail level rose 1.2 percent on an annual basis, ONS said.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Google apologizes for photo app that tagged black couple as 'gorillas'
E-2D aerial refueling capability passes CDR
Norway: New reserves found in North Sea
Shell to tap new Gulf of Mexico oil
Canada awards license for LNG exports to Asia