UK Retail Sales jump 0.7% MoM in March vs. 0.2% expected

Retail Sales, a key measure of consumer spending, in the United Kingdom (UK) rebounded 0.7% month-over-month (MoM) in March after declining by a revised 0.6% in February, the latest data published by the Office for National Statistics (ONS) showed on Friday.

The market forecast was for a 0.2% growth in the reported month.

The core Retail Sales, stripping the auto motor fuel sales, increased by 0.2% MoM in March, compared with the previous drop of 0.6% (revised from -0.4%) and the estimated 0.2% figure. 

more to come ....