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    24.03.2016 10:01 UK retail sales fall 0.4% in February

    The Office for National Statistics released its retail sales data for the U.K. on Thursday. Retail sales in the U.K. fell 0.4% in February, beating expectations for a 0.7% drop, after a 2.3% rise in January.

     

    The decline was driven by a weak demand for clothing. Clothing and footwear sales fell 0.4% in February.

     

    Food store sales were down 0.3% in February, while non-food store sales decreased 0.1%.

     

    On a yearly basis, retail sales in the U.K. climbed 3.8% in February, in line with forecasts, after a 5.4% rise in January. January's figure was revised up from a 5.2% gain.


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