UK retail sales rose in March by 0.7%. Numbers came in a lot higher than its forecast of a 0.1% increase, after February showed numbers in red and a downfall of -0.6%.
While its welcoming that the retail sales sector showing an uptrend, sales up by 1.6% in Q1. The numbers for March can in a way be a little skewed. The retail sales sector did not underperform but its lift came from fuel sales. Motorists stocked up on fuel with concerns of continuing rising costs.
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