British consumers picked up the pace of their spending last month and sales volumes over the three months to April grew by the most since mid-2021, according to official data that suggested limited impact from the surge in inflation.
Sales volumes in April rose by a slightly stronger-than-expected 0.5% from March when they slumped by 1.2% as unusually heavy rain kept shoppers at home, the Office for National Statistics said on Friday.
In the February-to-April period, sales were up by 0.8% from the previous three months, the biggest such increase since the three months to August 2021. "The economic environment remains incredibly tough for many, but consumer confidence is slowly improving from record lows seen in the past year."Emma Mogford, a fund manager with Premier Miton Monthly Income Fund, said rising wages were offsetting some of the cost-of-living squeeze. "However, any increase in unemployment later in the year could dampen confidence once more," she said.from 10.
Retail sales volumes in April were 3.0% lower than a year earlier. Food sales were down by an annual 2.7%, although that was the second-smallest fall since the end of 2021.
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