• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Forex Brokers
  • Best Forex Robots
  • Best Forex Signals
  • Best Managed Accounts

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

British Retail Sales Fall by 1.4% in March on Rising Cost of Living

April 22, 2022 by Forex Winner Leave a Comment

UK retail sales

Source: Office for National Statistics

UK retail sales volumes fell 1.4% in March, with the biggest driver emerging from non-store retailing, which plunged 7.9%. FTSE 100 down -0.64%, GBP USD down -1.06%

  • Online sales dropped significantly last month, with shoppers cutting unnecessary purchases as the cost-of-living crisis started to bite.
  • Online sales bore the burden, falling 7.9% in the month after a 6.9% decline in February.
  • Fuel sales volumes also decreased by 3.8% as rising petrol and diesel costs discouraged motorists from making unnecessary journeys.
  • Meanwhile, non-food stores was the only part of the retail landscape that posted an increase of 1.3%, driven by a 2.6% jump at household goods retailers like garden centers and DIY stores.
  • Darren Morgan, director of economic statistics at ONS, stated that retail sales fell back significantly in March, with increases in the cost of living hurting consumers’ spending.
  • Food store sales volumes declined by 1.1% over the month, with households reducing excessive foods purchases due to cost-of-living concerns.

And here is a golden tip

Want to profit from forex news? These forex robots earned the best historical yields to investors. Check out Best Forex Robots

Filed Under: Forex News Tagged With: Retail Sales, UK

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

− one = five

Primary Sidebar

Latest News

EU Consumer Confidence Plunges Lower, Eurozone Picks Up

EU Consumer Confidence Plunges Lower, Eurozone Picks Up

May 20, 2022

German Producer Inflation Quickens to Record High as Energy Prices Climb Further

German Producer Inflation Quickens to Record High as Energy Prices Climb Further

May 20, 2022

Great Britain Retail Sales Rebounds as Buying Activity Climbs

Great Britain Retail Sales Rebounds as Buying Activity Climbs

May 20, 2022

Best Forex Robots

  1. Happy Forex 8.0
  2. Forex Fury 7.7
  3. Promax Gold EA 6.8
  4. Gump EA 6.4
  5. Forex inControl Reborn 6.0

Footer

Forex Broker Reviews

eToro

eToro Review

April 23, 2019 By Forex Winner

roboforex

RoboForex Review

February 6, 2020 By Forex Winner

etx capital

ETX Capital Review

June 1, 2020 By Forex Winner

Forex Robot Reviews

Genius Asset Review

Genius Asset Review

May 19, 2022 By Forex Winner

My Forex Path Review

My Forex Path Review

May 12, 2022 By Forex Winner

Powerhouse EA

Powerhouse EA Review

April 29, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2022 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure