Pursuits
U.K. Retail Sales Fall as Cold Weather Curbs Clothing Demand
- Decline in February follows surge in sales in January
- Consumer spending has helped drive U.K. economic growth
Fear of 'Brexit' Weighs on the Pound
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U.K. retail sales fell in February after surging the most in more than two years the previous month during post-Christmas sales.
The 0.4 percent decline was less than the 0.7 percent drop forecast by economists in a Bloomberg survey. Clothing and shoes fell 0.4 percent, with poor weather delaying purchases of spring and summer attire, the Office for National Statistics said in a report on Thursday.