Consumers revelling in ‘noflation’ as retail sales rise
STRONG growth of 1.2% in April has been described as “no flash in the pan” by a senior economic adviser to the EY ITEM Club.
Martin Beck was responding to the strongest increase in figures since November with analysts pointing to warmer weather encouraging shoppers to splash out on summer clothes as a reason for the rise.
Clothing, footwear and textiles sales all rose 5.2% in April from March, the largest increase in four years, according to the figures released by the Office for National Statistic... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...