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Retail sales lifted by royal wedding and warm weather | Retail sales lifted by royal wedding and warm weather |
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UK retail sales rose by more than expected in April, boosted by the extra public holiday for the royal wedding, and the warm weather. | UK retail sales rose by more than expected in April, boosted by the extra public holiday for the royal wedding, and the warm weather. |
Sales last month were 1.1% higher than March, said the Office for National Statistics. Demand rose most for clothing, footwear and food products. | Sales last month were 1.1% higher than March, said the Office for National Statistics. Demand rose most for clothing, footwear and food products. |
It was the biggest rise in retail sales for April since 2002. | It was the biggest rise in retail sales for April since 2002. |
But economists warn the big rise in sales is likely to be a one-off, and that consumer spending remains muted. | But economists warn the big rise in sales is likely to be a one-off, and that consumer spending remains muted. |
Analysts were prepared for the extra public holiday to give retail sales a boost last month, but expected them to rise by only 0.8%. | Analysts were prepared for the extra public holiday to give retail sales a boost last month, but expected them to rise by only 0.8%. |
George Buckley of Deutsche Bank said: "On the face of it they are stronger numbers. It's looking a little better, but I suspect we will get some pay-back in May." | George Buckley of Deutsche Bank said: "On the face of it they are stronger numbers. It's looking a little better, but I suspect we will get some pay-back in May." |
April was the warmest on record in the UK, and this appears to have lifted sales of clothing and footwear, which rose by 3.2% as people bought summer items. Food sales were up 2.2%. | |
Howard Archer, chief UK and European economist at IHS Global Insight, also said the April figures should be treated with caution. | |
"While welcome, we strongly doubt that the 1.1% jump in retail sales volumes in April is a sign that the consumer is roaring back to life," he said. | |
"Rather, what it suggests is that pressurised consumers need a particularly favourable set of circumstances to part with their cash." | |
Last week, the British Retail Consortium (BRC) also said that the warm weather and extra public holiday had boosted sales in April, which it reported had risen 5.2% on a like-for-like basis. | |
The BRC said champagne and garden furniture were among the items most in demand as the nation celebrated the royal wedding and enjoyed the sunshine. |