Retail in United Kingdom

  • British retail sales declined at the sharpest pace since April 2012

    UNITED KINGDOM, 2014/02/23 British retail sales declined at the sharpest pace since April 2012 as food store sales weakened notably next Christmas, data from the Office for National Statistics showed on Friday. The budget surplus fell short of expectations in January and remained below last year's level due to a fall in gain tax, an extra statement revealed. Retail sales volume, inclunding automotive fuel, fell 1.5 % month-on-month in January, which was the initial decline in three months and the biggest since April 2012. Economists had expected sales to fall 1 %, next a 2.5 % rise in December.