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Spring surge in retail sales

By Western Morning News  |  Posted: April 24, 2014

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Retail sales grew strongly in the year to April and are expected to grow at an even faster pace next month, according to the CBI’s latest monthly Distributive Trades Survey.

It showed that sales growth in April improved from March, with sales now having increased year-on-year for the fifth consecutive month. Sales volumes are expected to rise again next month, with expectations for growth at their strongest since December 2010.

Among the retail sectors, grocers, footwear, hardware and DIY recorded particularly strong annual sales growth, all seeing a pick-up from March.

Internet retail sales continued to perform strongly, with the volume of sales rising at the highest annual rate since November 2012.

Sales in the motor trades sector also increased, but wholesaling sales were flat on a year ago.

Barry Williams, who chairs the survey panel said:

“The high street has a spring in its step – retailers performed well in April and enjoyed a strong rise in sales compared with this time last year. It’s a welcome rebound from March, largely down to the later timing of Mother’s Day and Easter.”

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