UK Retail Sales Growth Hits 10-Year High

Written By Unknown on Rabu, 21 Mei 2014 | 16.01

A late Easter helped boost UK retail sales to a 6.9% growth rate for the year, the highest since May 2004.

The Office for National Statistics (ONS) said retail sales volumes jumped by 1.3% on the March figure.

A consensus among economists had forecast the rise to be around 0.5% on the month and 5.2% on the year.

The ONS said food sales jumped 3.6% in April compared to March, and 6.3% on the year, taking the rate to its highest level for more than 12 years.

It said the spike was due to better weather and promotions in-store.

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