United Kingdom Retail Sales Mom

Retail sales volumes in the United Kingdom were flat in March 2024, following a revised 0.1% rise in February and missing the market expectation of a 0.3% growth. Increases in sales of automotive fuel by 3.2% and non-food stores by 0.5% were offset by declines in food stores and non-store retailers, which experienced decreases of 0.7% and 1.5%, respectively. Looking at the quarter, trade increased by 1.9% in the three months to March when compared with the previous three months. On a yearly basis, retail sales rose by 0.8%, rebounding from a revised 0.3% decline the month before.