Market news
24.05.2018, 08:33

UK retail sales rose more than expected in April

In April 2018, the quantity of goods bought in the retail industry remained relatively flat with a slight increase of 0.1% in the three-month on three-month movement.

When compared with March 2018, the quantity bought in April increased by 1.6% as all sectors, excluding department stores, recovered from the declines seen in March.

Department stores showed a different monthly picture to all other sectors as the only sector to report a fall in quantities bought, at negative 0.9% in April following strong online sales in March.

Petrol sales reported the largest recovery in April, with a growth of 4.7% compared with a decline of negative 6.9% in the previous month as road closures affected travel in March.

Online sales as a proportion of all retailing continued to grow year-on-year at 17.3% in April 2018, in comparison with 16.1% in April 2017; with food and clothing stores achieving record online proportions.

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