Greatest fall in UK retail gross sales in seven years

Shoppers on a high street

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Demand fell for all sorts of products apart from textiles, clothes and footwear

UK retail gross sales posted their greatest quarterly fall in seven years in March, as the costs of on a regular basis items continued to climb.

Gross sales had been down 1.four% year-on-year on a quarterly foundation, and down 1.eight% in contrast with February 2017, in keeping with the Workplace for Nationwide Statistics (ONS).

It said demand had fallen for all sorts of products apart from textiles, clothes and footwear.

The most important falls had been seen in gross sales of family items and petrol.

Kate Davies, senior statistician on the ONS, stated: “At present’s retail gross sales figures present a decline on the month and on the three months to March.

“That is the primary time we have seen a quarterly decline since 2013, and it appears to be a consequence of value will increase throughout a complete vary of sectors.”

The ONS stated common retailer costs had elevated by three.three% on the yr, the very best development since March 2012.

The most important contribution got here from petrol stations, the place costs had been up by some 16.four% on the yr.