|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
15th of April 2011
|    Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  


Economy News feed Economy News

All Financial News feed All Financial News



April 26, 2010    

UK retail sales see marginal rise in March

Bookmark and Share

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.”

Discuss this in the Finance Markets forums

Story link: UK retail sales see marginal rise in March



Financial Services:





Related financial stories to: UK retail sales see marginal rise in March:
Previous: «
Next: »

Visited 1205 times, 1 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: , , marginal, , , , , ,