The amount of products purchased by consumers final month flatlined at 0%, forward of market predictions of a 0.4% fall. This unchanged quantity follows a 3.6% enhance in January.
The ONS attributed the flat gross sales to an increase in clothes gross sales being offset by drops in meals and gas gross sales, in addition to moist climate. Gross sales volumes had been 1.3% under their pre-pandemic stage in February 2020 and the quantity spent by customers fell marginally by 0.1%.
UK retail gross sales bounce by highest stage since spring 2021
Neil Birrell, CIO at Premier Miton, stated UK customers stay upbeat about private funds, even wi…
