Signs of retail slump helped to spur BoE action, Carney says
LONDON, March 11 (Reuters) - Bank of England Governor Mark Carney cited anecdotal evidence showing a slump in Britain's retail sector as a reason why the central bank needed to stimulate the economy in a shock move on Wednesday.
"We have anecdotal evidence that we're building up through our agency network and our direct contacts with businesses, where we have seen a sharp fall in trading conditions, particularly in retail, consumer discretionary items over the course of the last week," Carney told a news conference
"Even prior to that we were beginning to see supply chain disruptions in the manufacturing sector as well." (Reporting by Andy Bruce, editing by Estelle Shirbon)