UK supermarket sales rise 5.4%, NIQ market researcher says
Published On :
UK supermarket sales rise 5.4%, NIQ market researcher says
LONDON (Reuters) – British supermarket total sales rose by 5.4% year-over-year in the four weeks to March 23 as slowing inflation encouraged shoppers to increase their purchases, industry data showed on Wednesday.
The increase was slightly stronger than the 5.3% rise reported a month earlier, market researcher NIQ said.
Mike Watkins, NIQ’s UK head of retailer and business insight, said a fall in food prices in March and competition amongst the supermarkets boosted sales.
“However, overall consumer spend remains under pressure as many household bills continue to increase above (inflation) and this is reflected in the continued weak consumer confidence,” he said.
(Reporting by Paul Sandle; Writing by William Schomberg; Editing by Sachin Ravikumar)
Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.
-
-
BUSINESS4 days ago
Financial Services Outsourcing Philippines: Cynergy BPO’s take on Technology, CX, and Regulatory Compliance
-
-
-
NEWS4 days ago
Bronze statues, coins and ancient eggs found in Tuscan thermal baths
-
-
-
NEWS4 days ago
European Commission favours more EU funds for electric vehicles sector
-
-
-
NEWS3 days ago
Airbus cuts 2,000 Defence and Space jobs, taming earlier plans
-