Thursday, June 20, 2013
Retail sales leap in May
Posted by David Smith at 09:45 AM
Category: Thoughts and responses

Retail sales had a very good month in May, breaking a sequence of disappointing numbers. Volumes and values both rose by 2.1% compared with April, largely on the back of a jump in food sales, which had been suspiciously weak. Sales volumes overall reached a record level.

So in volume terms food sales jumped by 3.5% in May compared with April. The overall volume of sales in the latest three months was up by 0.7% on the previous three, suggesting consumer spending will make another contribution to growth in the second quarter, in line with recent quarters. More here.