Investing.com - UK retail sales slumped in March, raising concerns about the strength of the British economy.
Retail sales fell 1.2% in March the Office for National Statistics said on Thursday.
This was compared to 0.8% in the previous month. Economists had forecast a decline of 0.5%.
Year-over year, retail sales rose 1.1% from 1.5% the previous month.
Core retail sales, which exclude automobile and gasoline sales, dipped 0.5% in March, compared to a revised 0.4% the month before. Annualized, core sales grew 1.1% from 1.2%.
