UK Retail Sales jump 0.7% MoM in March vs. 0.2% expected
Retail Sales, a key measure of consumer spending, in the United Kingdom (UK) rebounded 0.7% month-over-month (MoM) in March after declining by a revised 0.6% in February, the latest data published by the Office for National Statistics (ONS) showed on Friday.
The market forecast was for a 0.2% growth in the reported month.
The core Retail Sales, stripping the auto motor fuel sales, increased by 0.2% MoM in March, compared with the previous drop of 0.6% (revised from -0.4%) and the estimated 0.2% figure.
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