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Price cuts help retail sales rally

By Josie Clarke

Published 20/05/2016

The Office for National Statistics (ONS) said retail sales increased by 1.3% compared with March, and were also 4.3% higher than a year earlier
The Office for National Statistics (ONS) said retail sales increased by 1.3% compared with March, and were also 4.3% higher than a year earlier

UK retail sales rebounded in April as shoppers put uncertainty about the EU referendum aside to go on a spending spree.

The Office for National Statistics (ONS) said retail sales increased by 1.3% compared with March, and were also 4.3% higher than a year earlier.

Disappointing figures for March were revised and were not as bad as previously feared.

The positive figures were partly down to an effort by clothing retailers to mitigate unseasonably warm weather with discounts, with department stores seeing a 1.9% increase in sales.

The upturn is at odds with the latest GfK consumer confidence survey, which suggested that consumers were becoming less optimistic about spending over the next year, perhaps in response to the referendum.

Ian Geddes of Deloitte, said: "The retail and leisure industry will be looking forward to the feelgood factor that summer may bring."

Belfast Telegraph

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