UK retail sales volume dropped -0.3% mom in February, much worse than expectation of 1.0% mom rise. On a 12-month basis, sales rose 7.0% yoy, below expectation of 7.8% yoy. Also, sales volume was 3.7% above pre-pandemic level in February 2020. Ex-fuel sales volume dropped -0.7% mom, below expectation of 0.5% mom. On a 12-month […]

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