Published on May 21st, 2014 | by The GC Team0
Underlying retail sales hit 10-year high
UK retail sales rose 6.9% in April compared with the same month last year, the strongest year-on-year growth since early 2013.
The Office for National Statistics today said that the rolling three-month on three-month growth rate increased by 1.8%, the highest since March 2004 and the 14th consecutive month of underlying growth in the quantity of goods bought.
As well as volume increases, the amount spent in retail also grew, rising 6.2% compared with April 2013 and by 0.6% compared with March 2014. Non-seasonally adjusted data show that the average weekly spend was £7.0 billion, against £6.5 billion in April 2013 and £6.8 billion in March 2014.
The food sector posted its strongest year-on-year growth since January 2002, increasing by 6.3%, while non-food sales rose by 6.5% compared to last April, but were down 0.4% on the month.
Following a weak March, the amount spent online increased by 13.3% year on year and by 2.6% on the month.