Xinhua, London :
Britain’s economy has revealed signs of economic slowdown since the Brexit referendum vote, with retail sales figures taking a sharp fall.
Data released on Friday by the Office for National Statistics (ONS) showed that retail sales figures in the first quarter of 2017 fell sharply, by 1.4 percent quarter on quarter, the weakest quarterly performance since the first quarter of 2010 and the first negative result since 2013.
Consumers cut their spending by 1.3 percent between February and March, leading to a decline of 0.1 percent in the first quarter over the same figures last year.
Britain’s economy has revealed signs of economic slowdown since the Brexit referendum vote, with retail sales figures taking a sharp fall.
Data released on Friday by the Office for National Statistics (ONS) showed that retail sales figures in the first quarter of 2017 fell sharply, by 1.4 percent quarter on quarter, the weakest quarterly performance since the first quarter of 2010 and the first negative result since 2013.
Consumers cut their spending by 1.3 percent between February and March, leading to a decline of 0.1 percent in the first quarter over the same figures last year.
