Bank of England Governor Signals Possible Interest Rate Reductions as Retail Sales Plateau
Friday, 22 March 2024, 07:16
Latest Economic and Financial News
Just in: retail sales volumes across Great Britain stagnated in February, new data shows. The Office for National Statistics reports a flat sales volume following a strong 3.6% growth in January, subsequent to a slump in December. While clothing and department stores witnessed growth from new collections, declines in food and fuel sales counteracted this progress. Online sales, particularly in the clothing sector, surged amid challenging weather conditions affecting physical store visits.
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