UK Retail Sales Disappoint in Sign of Lackluster Recovery [Yahoo! Finance]
TESCO PLC S/ADR (TSCDY)
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Source: Yahoo! Finance
Most Read from Bloomberg Elon Wants His Money Back Dubai Grinds to Standstill as Flooding Hits City Israel Launches Retaliatory Strike on Iran, US Officials Say Record Rainfall in Dubai? Blame Climate Change, Not Cloud Seeding These Are the World's Best Airports in 2024 The volume of goods sold in stores and online was unchanged in March after a revised 0.1% gain the month before, the Office for National Statistics said on Friday. Economists had expected an 0.3% increase. The figures add to evidence of a lackluster recovery from last year's recession. Consumers are still suffering from a cost-of-living crisis that forced them to pay more for the same amount of goods. While wages are rising rapidly and the Bank of England is expected to reduce interest rates, those forces have yet to fully feed through to people's finances. “Hardware stores, furniture shops, petrol stations and clothing stores all reported a rise in sales,” said Heather Bovill, senior statistician at t
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