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UK retail sales volumes ticked down 0.3% in February

The UK’s retail sales volume fell 0.3% month-on-month in February, following growth in January, the country’s statistical authority said Friday.

The figure was 3.7% above its pre-coronavirus February 2020 levels, the Office of National Statistics said in a statement.

The decrease was broadly driven by non-store retailing sales volumes, which were down 4.8% during the month.

“In February 2022, [non-store] sales volumes fell by 4.8% following increases of 4.0% January 2022 and 2.7% in December 2021, when strong on-line sales may have been linked to consumer concerns about the Omicron variant during those months,” it said, adding that price concerns were another culprit.

Source: Anadolu Agency