UK retail sales excluding auto fuel dropped 1.0% in February from the revised 1.1% which was 1.6% initially, lower than forecasts of 0.6% drop. On the year, the reading slipped to 1.2% from the prior 5.3%, revised down to 5.0%, below projections of 2.5%.

The reading with auto fuel dipped 0.8% compared with the previous 1.9%, which was downwardly revised to 1.5% and median estimates of -0.6%. The year on year reading also plummeted to 1.3% relative to the revised 5.1% from the initial 5.3% and anticipations of 2.4%.