UK retail sales bounce back strongly from snow impact

FAN Editor

Official figures show that retail sales bounced back strongly in April after cold weather hit the previous month.

The Office for National Statistics said Thursday that retail sales jumped a monthly 1.6 percent in April, more than making up the 1.1 percent decline in March.

Continue Reading Below

The agency’s head of national accounts, Rob Kent-Smith, said car fuel and department store sales recovered from the impact of snow in March.

However, he said, “the underlying position remains subdued with the volume of goods sold over the last six months broadly unchanged.”

The increase is likely to stoke hopes that the British economy, which is heavily reliant on consumer spending, will bounce back from a disappointing first quarter, when it expanded by a tepid quarterly rate of 0.1 percent.

Free America Network Articles

Leave a Reply

Next Post

French president lauds Europe as the 'most attractive place' for tech giants

French President Emmanuel Macron said Europe must avoid making the same mistakes as the U.S. and China if the region is to successfully tackle some of the world’s biggest tech giants. Macron is currently spearheading efforts for Europe to adopt tougher regulations on digital companies. On Wednesday, the French leader […]

You May Like