UK retail sales fall by most since March 2020

Fleet Street, London

Source: GettyImages/Connect Images/Panostock

UK retail sales in the month of March tumbled by the most since April 2020, and the closure of the majority of non-food shops during the first weeks of the Covid-19 pandemic.

The latest data from the Confederation of British Industry (CBI) said that retail sales sunk to -52 in March, down from an already weak -43 in February, and that businesses only expected a marginal improvement to -49 in April.

 

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