Data: Retail sales take a hit from rock-bottom consumer confidence
Retail sales were battered in March as consumer confidence waned in light of rising inflation.
Total sales increased marginally by 3.1% in March compared with the same month last year, when all ‘non-essential’ retail was shut, according to the BRC-KPMG Retail Sales Monitor, against an increase of 13.9% in March 2021.
Like-for-like sales declined by 0.4% when they had grown by 20.3% in March last year.
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