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- UK retail sales fell sharply in March
UK retail sales fell sharply in March
According to the report from Office for National Statistics, in March 2020, the monthly retail sales volume fell sharply by 5.1%; the largest fall since the series began as many stores ceased trading from 23 March following official government guidance during the coronavirus (COVID-19) pandemic. Economists had expected a 4.0% decrease.
In March 2020, clothing store sales saw a sharp fall when compared with the previous month, at negative 34.8%.
Food stores and non-store retailing were the only sectors to show growth in the monthly volume series in March 2020, with food stores seeing the strongest growth on record, at 10.4%.
In the three months to March 2020, retail sales volume fell by 1.6% when compared with the previous three months, with strong declines in non-food stores and fuel.
Online sales as a proportion of all retailing reached a record high of 22.3% in March 2020 as consumers switched to online purchasing following the pandemic.
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