Financial News: UK Retail Sales Growth Softens In February

UK Retail Sales Growth Softens In February

03/11/2025 - 07:01:00 (RTTNews)

(RTTNews) - UK retail sales growth eased in February on muted non-food sales, data from the British Retail Consortium revealed on Tuesday.

Retail sales increased 1.1 percent on a yearly basis in February, which was much slower than the 2.6 percent in January.

Food sales grew 2.3 percent from the previous year, while non-food sales remained flat in February.

In store non-food sales fell 1.0 percent. By contrast, online non-food sales moved up 1.9 percent.

Linda Ellett, UK Head of Consumer, Retail & Leisure at KPMG said consumers remain cautious with their spending and many are continuing to prioritize saving, travel and experiences.

Further, nervousness about the economy is deferring other big ticket purchasing, but occasions and offers are still tempting shoppers into some impulsive spending, said Ellett.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Fed's Daly Says Policymakers Can Wait For More Clarity Around Trade Policies (03 hr(s), 48 min(s), 32 sec(s) ago)
(RTTNews) - The Federal Reserve can make more reductions as projected earlier but policymakers sho ...Full Story»

Slovenian Producer Prices Rise 1.2% (12 hr(s), 31 min(s), 32 sec(s) ago)
(RTTNews) - Slovenia's producer prices increased for the second straight month in March, figur ...Full Story»

Italy Construction Output Grows Most In 6 Months (13 hr(s), 03 min(s), 32 sec(s) ago)
(RTTNews) - Italy's construction output expanded for the second straight month in February and ...Full Story»

Italy Trade Surplus Shrinks In February (14 hr(s), 58 min(s), 32 sec(s) ago)
(RTTNews) - Italy's foreign trade surplus decreased in February from a year ago as imports gre ...Full Story»

Moldova Producer Price Inflation Rises To 4.7% (15 hr(s), 45 min(s), 32 sec(s) ago)
(RTTNews) - Moldova's producer prices increased for the third straight month in March and at a ...Full Story»

Malaysia Economic Growth Eases, Trade Surplus Grows (16 hr(s), 55 min(s), 32 sec(s) ago)
(RTTNews) - Malaysian economic growth eased further in the first quarter of 2025 amid a contractio ...Full Story»

Japan Nationwide Inflation Climbs 3.6% On Year In March (12 min(s), 32 sec(s) ago)
(RTTNews) - Overall consumer prices in Japan were up 3.6 percent on year in March, the Ministry of ...Full Story»

Japan Inflation Data Due On Friday (01 hr(s), 46 min(s), 32 sec(s) ago)
(RTTNews) - Japan will on Friday release March figures for national consumer prices, highlighting ...Full Story»