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Hypo Venture Capital Zurich Headlines: Surprise boost to retail sales unlikely to hold
2 pages
Published by
Hypo Venture
Hypo Venture Capital Zurich Headlines: Surprise boost to retail sales unlikely to hold
By: Esther Armstrong
http://www.
iii.
co.
uk/articles/15519/cautious-response-retail-sales-dents-pound
UK retail sales spiked in April after weaker...
[More]
Hypo Venture Capital Zurich Headlines: Surprise boost to retail sales unlikely to hold
By: Esther Armstrong
http://www.
iii.
co.
uk/articles/15519/cautious-response-retail-sales-dents-pound
UK retail sales spiked in April after weaker data the month before, but experts warned it was
likely a temporary boost due to a later Easter, warmer weather and the “royal wedding effect”.
Food and clothing sales led to a 1.
1% jump in sales volumes, which represented a 2.
8% increase
year-on-year.
But experts said last month’s bounce on the high street was aided by what the Office for National
Statistics (ONS) termed “unusual events” and would likely peter off next month.
Howard Archer, chief European and UK economist at IHS Global Insight, said: “While
welcome, we strongly doubt that the 1.
1% jump in retail sales volumes in April is a sign that the
consumer is roaring back to life.
Rather, what it suggests is that pressurised customers need a
particularly favourable set of circumstances to pa
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Tags
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capital,
consumer,
economist,
experts,
figures,
food,
increase,
month,
retail,
sales,
volumes,
warm,
weaker,
weather,
year
