- Analytics
- News and Tools
- Market News
- U.K. retail sales surged in April
U.K. retail sales surged in April
The Office
of National Statistics released the retail sales in the U.K. U.K. retail sales
increased 1.3% in April, from a 0.1% gain in March. Analysts had expected a
0.4% increase.
On a yearly
basis, U.K. retail sales rose 6.9% in April, exceeding expectations for a 5.2% increase.
That was the fastest pace since May 2004. U.K. retail sales climbed 4.8% in
March.
The retail
sales increase was driven by a supermarket price war between Morrisons, Tesco,
Asda and Sainsbury's. Food sales rose 3.6% in April from March and at annual
rate of 6.3%. That was highest annual growth since January 2002.
Bank of
England's minutes of its May meeting showed that the Bank of England
policymakers voted unanimously to maintain interest rates unchanged at record
lows this month. But some policymakers thought the arguments in favour of an
interest-rate hike were growing stronger.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
