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Retail sales lifted by royal wedding and warm weather Retail sales lifted by royal wedding and warm weather
(40 minutes later)
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. 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.