- Retail sales rose 1.4% in February, led by household goods
- Sales heading for first calendar-quarter drop since 2003
(Bloomberg) U.K. retail sales rose more strongly than expected in February but the outlook for the British consumer remains weak.
The volume of goods sold in stores and online jumped 1.4 percent, beating the 0.4 percent gain predicted by economists, Office for National Statistics figures published Thursday show. It left sales down 1.4 percent in the latest three months, the biggest quarterly drop since early 2010.
Click on the link below to see the full story from Bloomberg: (by Lucy Meakin)