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Retail sales fall 1.9% in February

By newbusiness
Created 27/03/2009 - 12:35

Retail sales fell by 1.9% in February as consumers cut back on spending because of the economic climate, according to the Office for National Statistics (ONS).

Sales growth slowed to 0.4% compared to the same period last month - the slowest pace of year-on-year growth since 1995.

"Today's figures from the ONS are the clearest indication yet of the weakening retail market in the UK," said Tarlok Teji, head of retail at Deloitte.


Source URL:
https://www.newbusiness.co.uk/news/retail-sales-fall-19-february