U.K. Retail Sales Decline In January 21-Feb-2014

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UK retail sales, including automotive fuel fell 1.5 percent month-on-month in January, which was the first decline in three months, the Office for National Statistics said. Retail sales declined more than expected in January due to a notable decrease in food store sales, official data showed Friday. Sales excluding automotive fuel, also decreased by 1.5 percent in January versus 2.7 percent increase a month ago. Sales were forecast to drop 1.2 percent. Food store sales slipped 3.4 percent from December, while non-food store sales gained 0.4 percent in January. On a yearly basis, retail sales volume including auto fuel, grew at a slower pace of 4.3 percent, following December’s 5.3 percent rise. Likewise, growth in sales excluding auto fuel, slowed to 4.8 percent in January from 6.1 percent in December.