UK retail sales remained flat in February despite wet weather, with online sales rising 1.9%.

UK retail sales outperformed expectations in January and February, remaining flat in February despite wet weather reducing footfall. Online sales rose 1.9% in February, driven by the wettest February on record. Despite overall growth, retailers face challenges due to rising prices and inflation. UK retail sales volumes decreased 0.4% annually, although consumer confidence is expected to rise with improving living standards.

March 22, 2024
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