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Free AccessMNI DATA IMPACT: Easter Holiday Skews UK Sales Data In April
By Shaily Mittal
LONDON (MNI) - UK Retail Sales increased 4.1% in April, compared with a
decrease of 3.1% in April last year, boosted by the late Easter, the latest
BRC/KPMG Retail Monitor showed. The strong positive data was distorted by the
timing of Easter, but even after accounting for this distortion, retail sales
remained soft on an longer-term average view.
The two-year average, which corrects for Easter, was 0.4% per annum, weaker
than 0.9% per annum in March.
- In April, retail sales increased 3.7% on a Like-for-like basis from April
2018, when they were down 4.2% from a year earlier.
- Food sales increased 1.7% on a Like-for-like basis and 2.8% on a Total
basis in three months to April. This was below the 12-month Total average growth
of 3%.
- Consumers spent on food and home accessories while spending on health and
beauty and footwear eased.
- Non-Food sales fell 0.2% on a Like-for-like basis and 0.1% on a Total
basis in three months to April.
- Online penetration rate in the non-food category increased to 29.7% in
April from 28% in April last year.
--MNI London Bureau; tel: +44 203-586-2224; email: shaily.mittal@mni-indicators.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MABDS$,M$B$$$,M$E$$$]
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.