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May 9, 2017

united kingdom retail sales highest since 2006

"UK retail sales enjoy biggest jump since 2006"

British retail sales bounces back since 11 years


According to financial times ,The British Retail Consortium-KPMG retail sales monitor rose 5.6 per cent in April from a year earlier, up from a 1 per cent decline in March and well ahead of expectations for a 0.5 per cent gain.Barclaycard’s data also matched this picture, with spending up 5.5pc in April on the year. This was the strongest result since April 2006 led by late easter sales 

 Over the three months to April 2017, food sales were up by 2.4 per cent from a year earlier, while non-food retail rose by 0.3 per cent. Online sales of non-food products were up by 8.2 per cent over the same period, while in-store sales fell 1.3 per cent.The late Easter did not help the numbers - shoppers spend more over the long weekend, so its move from March and into April made the earlier month’s figures look worse, while flattering April’s data.But even stripping out the effect of a late Easter, spending was still up year-on-year. The three-month average for annual sales growth now stands at 2%.Consumer Spending rose on almost all types of goods, according to data from BRC led by jewelry and watches, toys and baby equipment, food, furniture, clothing and home accessories.