facebook
twitter
search
search

Retail sales volume slips in Britain

April 18, 2013 at 9:20 AM

LONDON, April 18 (UPI) -- Retail volume in Britain slipped 0.5 percent on a seasonally adjusted 12-month basis in March, the Office for National Statistics said Thursday.

It was the second decline in year-over-year growth since August 2011, but it follows a strong gain of 2.5 percent in February, ONS said. It was also roughly in line with expectations.

Economists had predicted a drop of 0.6 percent.

From February, sales slipped 0.7 percent. Analysts had expected a month-to-month decline of 0.8 percent.

The ONS said March was the second coldest in Britain on record, "and this appears to have had a negative effect on sales in the non-food sector," the agency said.

For the month, sales value or the amount spent rose 0.1 percent over March 2012 with the strongest gains coming from food sales and non-store retailers, which means Internet and catalog sales.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Shoot-from-the-hip, around corner sighting capability unveiled
Bleak outlook for oil has Russian investors pulling back
Airbus Helicopters announces factory acceptance of training aircraft
Oil prices off slightly after China stock market decline
Rhode Island to get offshore wind farm