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UK retail sales fell 2.5 percent in Aprilcrashdrive3ps4.3%crashdrive3ps4However, inflation and lower wages have boosted consumer confidence.
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UK retail sales hit hard in April due to severe weather
May 24, UK retail sales suffered a hit in April, down 2.3% month-on-month. Severe weather conditions have affected consumer spending and put pressure on an expected summer economic rebound. Statistics Bureau data showed that almost all retail sectors, including apparel, sports equipment, games, toys and furniture, suffered sales declines. However, Rob Wood, chief UK economist at Pantheon Macroeconomics, pointed out that despite the decline in retail sales data, lower inflation and solid wage growth have provided support for the restoration of consumer confidence, which is expected to keep economic activity vibrant.