Thu, 22 Mar 2012 13:26:39 GMT
UK retail sales drop more than forecast in February
UK retail sales declined more than analysts predicted in previous month as households curbed spending. Retail sales including gasoline decreased 0.8% compared to expected 0.5% drop. Meanwhile the sales advance in January was reviewed up from 0.3% to 0.9%. Previous months were pretty strong in terms of sales growth, therefore current fall is acceptable, said Samuel Tombs, Capital Economic economist.