UK retail sales fall 2.3% in 'dull and wet' April

Lowest level in 2024

Sorin-Andrei Dojan
clock • 2 min read

UK retail sales dropped by 2.3% in April, hitting their lowest level since December 2023.

According to data from the Office for National Statistics published today (24 May), there was a significant contraction compared to March, when retail sales fell by 0.2%. April saw sharp declines in household goods and non-food store sales, which dropped by 5.4% and 5.1%, respectively, while food store sales registered a more moderate decline of 0.8%.  The drop in retail sales followed a "dull and wet month" that discouraged shoppers from making in-store purchases, the ONS said.  Meanwhile, petrol sales also dropped by 4.9% in April, as more retailers reported a rise in fuel prices...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Cardano's Ina Rinas: Diverging international recovery paths

Cardano's Ina Rinas: Diverging international recovery paths

Monetary policy 'turning towards easing'

Ina Rinas
clock 02 October 2024 • 4 min read
Federal Reserve has 'growing confidence' of US soft landing but in 'no rush to cut rates'

Federal Reserve has 'growing confidence' of US soft landing but in 'no rush to cut rates'

National Association for Business Economics Annual Meeting

Eve Maddock-Jones
clock 01 October 2024 • 1 min read
Claims that Treasury plans to soften non-dom crackdown are 'speculation not government policy'

Claims that Treasury plans to soften non-dom crackdown are 'speculation not government policy'

Will clarify at the Autumn Budget

Eve Maddock-Jones
clock 27 September 2024 • 1 min read
Trustpilot