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Financial News: UK Retail Sales Rebound In April

UK Retail Sales Rebound In April

05/24/2018 - 04:49:00 (RTTNews)

(RTTNews) - UK retail sales grew at a faster than expected pace in April after declining a month ago, figures from the Office for National Statistics showed Thursday.

Retail sales volume, including auto fuel, expanded 1.6 percent month-on-month, in contrast to a 1.1 percent fall in March. Sales were forecast to climb 0.9 percent.

Excluding auto fuel, retail sales volume increased 1.3 percent, reversing a 0.5 percent drop in March. Economists had expected a 0.5 percent rise.

On a yearly basis, retail sales including auto fuel, rose 1.4 percent in April after expanding 1.3 percent in March. Excluding auto fuel, sales volume advanced 1.5 percent versus 1.3 percent rise a month ago.

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