Thursday, May 19, 2011
Retail sales bounce
Posted by David Smith at 09:40 AM
Category: Thoughts and responses

The timing of Easter and the royal wedding helped retail sales to a 1.1% volume increase in April, up 2.8% on a year earlier. Sales value showed a 6.2% year-on-year rise. Probably a fairer picture is provided by the three-monthly volume data; up 0.2% on the previous three months and 1.6% on a year earlier. More here. The Nationwide said consumer confidence in April remained close to March's lows, which were similar to the all-time recession lows.