Data released by the UK Office for National Statistics shows that UK retail sales grew by 6.9% year-on-year in April, the highest growth rate since May 2004. The data indicates that UK retail sales increased by 1.3% month-on-month in April, exceeding market expectations. The Office for National Statistics attributes the strong retail performance in April to increased food sales during the Easter period and favorable weather conditions.
The data shows that food retail sales in the UK grew by 6.3% year-on-year that month, the highest growth rate since January 2002; food retail sales increased by 3.6% month-on-month, the highest growth rate since April 2011.
