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Retail sales decline for first time in five years
Non-food sales declined by 0.4 per cent in the quarter to February for the first time since November 2011, according to the retail sales monitor reported by the British Retail Consortium (BRC) and KPMG.
It’s another indication that consumer spending is slowing. GfK’s monthly consumer confidence index shows that British consumers are moving away from making major purchases as concerns about the economy hit confidence amid warnings tha