Retail Sales Monitor for April shows healthy growth in the economy
The latest BRC-KPMG Retail Sales Monitor shows that UK retail sales were up 4.2% on a like-for-like basis from April 2013, when they had decreased 2.2% on the preceding year. On a total basis, sales were up 5.7%, against a 0.6% fall in April 2013. Growth was positively distorted by the timing of Easter.
Furniture & Flooring was the best performing category, reporting its highest growth since Easter 2006. Strong growth was also recorded in Other Non-Food and Children's fashion.
Including both the positive and the negative distortions from Easter, the 12-month total sales growth now stands at 2.8%, ahead of the average CPI over the 12 months to March at 2.3%.
Online sales of non-food products in the UK grew 11.2% in April versus a year earlier. The Non-Food online penetration rate was 16.1% in April, the lowest since April 2013.
Helen Dickinson, Director General, British Retail Consortium, said: "Retail sales growth for the twelve months to April showed a healthy increase of 2.8 per cent compared to the twelve months to April 2013. There are now clear signs that the retail economy is expanding as retailers offer great new products and competitive prices to consumers who are still watching their spending very closely.
"As anticipated, the Easter break introduced a positive distortion into the April 2014 comparable figures (as the holiday fell in March in 2013) and so April sales were up by 5.7 per cent. However what we can say for certain, is that customers responded well to great deals and good ranges in children's clothes, DIY products and furniture, although volumes of food sales did not rise significantly. As the Online Retail Sales Monitor shows, customers took advantage of the holidays to visit and buy their products in stores, which is a useful reminder that people still very much enjoy the great experience of shopping in store as well as online."