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April 26, 2010    

UK retail sales see marginal rise in March

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by Kay Murchie

The Office for National Statistics (ONS) has revealed a slight rise in UK retail sales for the month of March.

According to the ONS, retail sales volumes during the month grew by 0.4% from February - less than the 0.6% analysts had expected.

Sales grew strongly in February but this followed a poor January, when retail sales were hit by the icy weather.

Meanwhile, on an annual basis, March’s sales volumes were up 2.2%.

However, sales volumes during the first quarter of the year were down 1.7% from the last three months of 2009.

Commenting on the figures, Howard Archer at IHS Global Insight, said: “March’s disappointing growth in retail sales fuels our suspicion that the upside for consumer spending - and hence overall economic growth - will be limited in 2010 as households still face very challenging conditions.”

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