Retail

UK retail sales rebound in April despite inflation pressure

Economists had only predicted an increase of 0.3 per cent for the month

  • May 26, 2023
ONS chief economist Grant Fitzner said: “Retail sales grew, partially rebounding from a poor weather-affected March, with jewellers, sports retailers and department stores all having a good month.

UK retailers saw sales return to growth in April as shoppers continued to spend despite continued high inflation, according to official figures.

The Office for National Statistics revealed that retail sales volumes increased by 0.5 per cent last month, following a fall of 1.2 per centt in March.

Economists had only predicted an increase of 0.3 per cent for the month.

However, the ONS added that sales volumes were down 3 per cent on the ...