UK retail sales up 1.1% in March

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In March, retail sales in the UK rose by 1.1% compared to February, when their rise was recorded at 0.6%. As reported by the ONS, the volume of retail sales has been growing for three months in a row. Analysts did not predict a monthly growth rate. According to their estimates, a decline of 0.3% was expected. The annual sales growth in March by 6.7% was the most significant since October 2016, with the increase expected by experts by 4.6%. Retail sales, which does not include automotive fuel, grew by 1.2% over the month and 6.2% over the year. Sales of goods in online stores increased in annual terms by 23%. For a month, their growth was 4.2%. In the first quarter, retail sales increased by 5% year-on-year.

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