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UK retail sales slow at record pace in April


May, 13 2020
watermark Economic news

UK retail sales plummeted last month as coronavirus control measures limited consumer activity.


According to the British Retail Consortium (BRC), retail sales in April fell 19.1% year on year. The decrease was the highest since the beginning of observations in 1995.


In February-April, sales of non-food items in stores fell 36%. Food sales during this period increased by 6%, as consumers stocked up on essentials in connection with quarantine. Online sales of non-food items jumped nearly 60% in April.


Costs at pubs and restaurants fell 97%, while sales at supermarkets grew 14%.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.