UK retail sales fell in March as businesses blame poor weather for discouraging people from heading to the shops.
According to the latest data released by the Office for National Statistics (ONS), retail sales volumes dropped by 0.9 percent last month, with clothes shops, department stores, and garden centres all reporting declines.
The decline—which came after a 1.1 percent increase in sales volumes in February—was heavier than expected, as economists had previously predicted a 0.5 percent decline for the month.
However, sales volumes rose by 0.6 percent in the three months to March 2023 when compared with the previous three months. This was the first quarter-on-quarter rise since August 2021….
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