Associated Press Wire

Mar 23, 8:09 AM EDT

UK consumers spend more in Feb but underlying trend is down


Latest Business News
ConocoPhillips and PrivateBancorp climb; Lululemon plunges

Some Gordmans department stores bought by rival chain

How major US stock market indexes fared on Thursday

Something completely different at McDonald's: Fresh beef

Figures on government spending and debt

Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Mexico raises benchmark interest rate to 6.50 percent

US economy grew at steady 2.1 percent rate in Q4

Moody's sees Egypt's economy growing but reforms slipping

Central bank offers bright outlook for Portuguese economy

Survey: German business confidence rises to 6-year high

US economy to grow slower than Trump pledges, survey finds

Will NYC invite the 'Fearless Girl' to stay on Wall Street?

Debate renewed over economic benefits of Keystone pipeline

Eurozone's economic growth near 6-year high: New survey

Ukraine ex-finance minister to oversee Puerto Rico crisis

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

LONDON (AP) -- Official figures show retail sales in Britain bounced back strongly in February but that the underlying picture remains gloomy as the country prepares to start two years of discussions to leave the European Union.

The Office for National Statistics said Thursday that retail sales rose 1.4 percent in February from the previous month. An increase had been expected following three monthly declines.

On a three-month basis, however, retail sales are still down by 1.4 percent. That's the worst three-month performance since March 2010.

Analysts say the underlying picture suggests that households are reining in spending ahead of Prime Minister Theresa May's upcoming triggering of the two-year Brexit process as well as rising inflation largely related to higher energy prices.

© 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.