Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

UK Retail Sales Jump Unexpectedly In April, Data Shows

British retail sales jumped unexpectedly in April, official data showed on Friday, but the outlook for consumer spending remained resolutely downbeat as the cost-of-living crunch intensifies.

Retail sales volumes rose by 1.4% month-on-month last month after a 1.2% drop in March, the ONS data showed.

Economists polled by Reuters had expected a 0.2% monthly fall in retail sales.

The wider picture, however, remains weak.

Retail sales in the three months to April fell 0.3%, after a 0.7% drop in March.

Earlier on Friday, Britain's longest-running gauge of consumer confidence, the GfK survey, fell to its lowest since records began in 1974.

British Retail Consortium Viewpoint

Commenting on the ONS data, Helen Dickinson, chief executive of the British Retail Consortium, said, “Retail sales are being squeezed by a combination of low demand, high inflation and rising costs. The fall in demand comes as consumers reign in their discretionary spending following a significant reduction to real incomes for households across the UK.

"Meanwhile, retailers face higher food and commodity prices, increased shipping and transport costs, and the tightest labour market in decades."

Dickinson added that retailers are "working hard" to keep costs down where possible, such as by introducing more affordable product ranges, "however it is impossible to mitigate all the costs coming through their supply chains. Until inflation is brought to heel, and consumer confidence returns, retailers could be in for some difficult times ahead, with lower demand and reduced margins.”

News by Reuters, edited by ESM – your source for the latest retail news. Click subscribe to sign up to ESM: European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days