UK Retail Sales Rise by 1.6% in April

UK Retail Sales Rise by 1.6% in April

May 24, 2018

Investing.com - UK retail sales rose 1.6% in April, the Office for National Statistics said on Thursday.

This was compared to a 1.1% decline in the previous month which was revised up from an initial 1.2% decrease.

Economists had forecast a reading of 0.8%.

Year-on-year, retail sales rose by 1.4% last month.

Analysts had penciled in just a 0.1% gain.

Sales in March had advanced 1.3% from the year before, which was an upward revision from the initial 1.1% gain.

Core retail sales, which exclude automobile sales and fuel, increased by 1.3% in April, after dropping 0.5% a month earlier.

Economists had expected just a 0.4% rise.

Year-on-year, core retail sales gained 1.5% in April, compared to expectations for a 0.1% increase.

A month earlier, they registered a 1.3% advance which was revised up from an initial 1.1% rise.

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