Skip to main content
Advertising

Originally published Thursday, April 18, 2013 at 3:05 AM

  • Share:
           
  • Comments (0)
  • Print

UK retail sales drop in chilly weather

Official figures show that retail sales in Britain dropped sharply in March, as chilly weather kept shoppers at home.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

LONDON —

Official figures show that retail sales in Britain dropped sharply in March, as chilly weather kept shoppers at home.

The Office of National Statistics said Thursday that sales were down 0.7 percent from the previous month, more or less in line with market expectations.

Consumers experiencing the second-coldest March on record seemed uninterested in spring clothing, pushing volumes down 3.1 percent from a month earlier.

But a strong February meant sales for the quarter were up 0.4 compared to last year's equivalent 0.5 percent fall.

Howard Archer, chief UK economist at IHS Global Insight says consumers are being squeezed anew by rising inflation.

However, he says it's not all doom and gloom, as employment remains "at an elevated level" and low mortgage interest rates potentially freeing up money for spending.

News where, when and how you want it

Email Icon

The Seattle Times photographs

Seattle space needle and mountains

Purchase The Seattle Times images


Advertising
The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►