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British retail sales plunge 2.3% in April, missing estimates
U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday. Economists polled by Reuters expected a smaller fall of 0.4%. “Sales volumes fell across most sectors, with clothing retailers, sports equipment, games and toys stores, and furniture stores doing badly as poor weather reduced footfall,” the ONS said. March’s figure was revised from flat to a 0.2% decline. Sales were up 0.7% across the three months to April compared to the previous three months following a weak December and holiday season, but were down 0.8% year on year. Kris Hamer, ... (full story)