Back
21 May 2015
UK Retail Sales rebound in April
FXStreet (Mumbai) - As per the data released by the UK Office for National Statistics (ONS), the retail sales in April rose 4.7% compared with April 2014, beating the estimate of a 3.8% rise, and up from March’s 4.2%.
This was the 25th consecutive month of year-on-year growth, the longest period of sustained growth since May 2008 when there were 31 periods of growth. Month-on-month retail sales rebounded 1.2%, bettering the estimate of 0.4%, and up from March’s -0.5% reading.
The details of the report reveal average store (including petrol stations) fell for the 10th consecutive month, falling by 3.2% compared with April 2014. The largest contribution to the year-on-year fall once again came from petrol stations which fell by 11.5%, the 20th consecutive month of year-on-year falling prices in this store type.
This was the 25th consecutive month of year-on-year growth, the longest period of sustained growth since May 2008 when there were 31 periods of growth. Month-on-month retail sales rebounded 1.2%, bettering the estimate of 0.4%, and up from March’s -0.5% reading.
The details of the report reveal average store (including petrol stations) fell for the 10th consecutive month, falling by 3.2% compared with April 2014. The largest contribution to the year-on-year fall once again came from petrol stations which fell by 11.5%, the 20th consecutive month of year-on-year falling prices in this store type.