ECONOMICS COMMENTARY
Feb 15, 2013
UK retail sales suffer steepest downward trend for almost three years
Widespread heavy snowfall deterred high street shoppers in January, causing retail sales to drop 0.6% during the month, also down 0.6% on a year ago. However, while the underlying trend in sales has been increasingly negative in recent months, reaching the worst since early-2010, there are signs that the household sector is slowly beginning to revive.
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