Tuesday, May 10, 2011
Strong April retail sales
Posted by David Smith at 08:00 AM
Category: Thoughts and responses

The effect of the timing of Easter did not get enough attention when the retail sales figures were published a month ago, but the impact is clear. Today the British Retail Consortium says like-for-like sales in April were 5.2% up on a year earlier while total sales rose by 6.9%. It still detects a weaker trend, sales up only 0.1% like-for-like in latest three months (1.8% total) but this was a good bounce. More here.

Meanwhile RICS - the chartered surveyors - said more sellers are coming onto the housing market, as are more buyers (though rising by less). House prices fell at their slowest rate since June last year.