Retail sales in Great Britain given lift as shoppers splash out
by Richard Partington Economics correspondent from on (#6W80D)
Sales volumes rise 1% in February after City economists had predicted fall amid weak consumer confidence
Retail sales in Great Britain rose last month amid a sharp increase in consumers spending at department stores, hardware shops and clothes outlets.
Reflecting a stronger economic backdrop than feared, figures from the Office for National Statistics (ONS) showed sales volumes rose by 1% on the month, although spending at supermarkets fell after a bumper month in January.
Continue reading...