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UK retail sales growth hits a 10 year high in AprilBack

BBCnewsUK retail sales grew by 6.9% in April compared with the same month a year earlier, new figures show, making it the strongest annual rise in ten years.

The Office for National Statistics (ONS) also said retail sales jumped by 1.3% between March and April beating analysts forecasts for a 0.5% rise.

Food sales during the late Easter holiday made a significant contribution to the overall figure, the ONS said.

They were 6.3% higher in April against a year earlier, and 3.6% up on March.

Non-food sales rose by 6.5% compared with a year earlier, but were down 0.4% on the month.

The annual rise in food sales was the biggest since January 2002, and were helped by a combination of better weather and sales promotions.

Increases in the price of food were limited to 0.9% in April, compared with 1.8% a month earlier.

Quarterly retail sales have now grown for 14 months in a row, the ONS added.

Source: BBC News

Posted by Sue Robinson on 23/05/2014