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UK retail sales drop record low in March


Avril, 03 2020
watermark Economic news

Retail sales in the UK in March fell to a record low due to the fact that sales volumes declined and stores selling non-essential goods were forced to close amid a coronavirus pandemic.


Retail sales in stores fell by a record 34.1%, while overall comparable sales in stores and on the Internet, together fell by 17.9%.


Sales in clothing stores showed a record monthly decline: they fell by 40.4%, as consumer spending switched to essential goods. Home appliance sales fell 26.1%, the biggest drop since May 2018.


Sales on the Internet compared with the same period last year increased by 13.7% compared with a fall by 18.7% last year, as buyers switched to remote purchases on the Internet.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.