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    Home » UK Retail Sales Bounces Back by 1.4% in April Despite Soaring Inflation Rates
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    UK Retail Sales Bounces Back by 1.4% in April Despite Soaring Inflation Rates

    May 20, 20221 Min Read
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    Retail sales rose higher in April despite the surge in inflation, narrowing household finances, and increasing risks of a possible recession.

    • The volume of goods purchased in Great Britain jumped by 1.4% in April after a 1.2% decline in March. The increase is better than the 0.2% fall expected by economists.
    • The increase was attributable to solid supermarket sales as clothing also performed well as consumers spent more ahead of summer holidays and weddings.
    • Sales volumes at alcohol and Tabaco stores rose 8.4% over the month.
    • Heather Bovil, deputy director for surveys and economic indicators at ONS, stated that April’s increase was attributable to solid supermarket sales, with off-licenses also boosting an improvement.

    Non-store retailing sales volumes, which are largely sales from online-only retailers jumped by 3.7% attributable to stronger clothing sales.

    FTSE100 up +1.91%, GBPUSD up +0.06%

    Source: Office for National Statistics

     

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