U.K. Retail Sales Unexpectedly Rise as Growth Gains Momentum
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U.K. retail sales unexpectedly rose in March as warm weather boosted spending on spring clothing, adding to evidence the economy gained momentum in the first quarter.
Sales including auto fuel gained 0.1 percent from February, when they increased 1.3 percent, the Office for National Statistics said today in London. That compared with a forecast for a decline of 0.4 percent, according to the median estimate in a Bloomberg News survey.