Brexit uncertainty adversely affects March retail sales

SAHAR NAZIR | April 9, 2019

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UK retail sales in March have once again been negatively impacted by the ongoing uncertainty surrounding Brexit. Sales decreased by 0.5 per cent last month, against an increase of 2.3 per cent in the same period last year, according to the latest BRC-KPMG Retail Sales Monitor. UK retail sales decreased by 1.1 per cent on a like-for-like basis from March 2018, when they had increased 1.4 per cent from the preceding year. Meanwhile, over the three months to March, in-store sales of non-food items declined 1.5 per cent on a total basis and 1.7 per cent on a like-for-like basis. In the same period, food sales increased 0.2 per cent on a like-for-like basis and 1.3 per cent on a total basis. Over the three months to March, non-food retail sales in the UK remained flat on a like-for-like basis and increased 0.1 per cent on a total basis.

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