UK retail sales decreased in February

Note: This section contains information in English only.
Source: Bloomberg
UK retail sales dropped in February for a second straight month as a decline in clothing buying offset the gains from food purchases, reported British Retail Consortium. Sales at stores that are operating at least one year fell 0.3% on annual basis. Same magnitude decline also took place in January. Although BoE expects slowing inflation to bolster consumption, the surge in unemployment and oil prices could curb the spending, suggest analysts. 
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Tue, 06 Mar 2012 13:55:26 GMT

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