Sunday February 23, 2020

Is British economy weakening ahead of election?

Retail sales slump as price rises squeeze shoppers

21st April, 2017
Prices at British stores have jumped. Pic: Getty

Figures from the Office for National Statistics (ONS) show that the volume of retail sales dropped by a bigger than expected 1.8 per cent last month compared with February. Economists had expected a fall of around 0.5 per cent.

The ONS also reported that the volume of goods sold in stores and online fell 1.4 per cent in the first three months of 2017, which was the first quarterly drop since the end of 2013 and the biggest since 2010.


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