UK Retail Sales Stagnate in March Despite Consumer Confidence Surge
High street and department store sales falter, undermining hopes for a robust economic recovery.
- March retail sales in the UK showed no growth, disappointing expectations of a modest increase.
- Department stores and supermarkets saw significant declines, while sectors like fashion and furniture reported gains.
- Consumer confidence reached a two-year high, yet spending did not increase significantly.
- Economic analysts suggest a complex outlook, with potential Bank of England rate cuts amidst mixed growth signals.
- Despite some positive sectors, overall retail performance suggests continued consumer caution.