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22.05.2020, 06:19

UK retail sales fell sharply in April

According to the report from Office for National Statistics, the volume of retail sales in April 2020 fell by a record 18.1%, following the strong monthly fall of 5.2% in March 2020. Economists had expected a 16.0% decrease.

All sectors saw a monthly decline in volume sales except for a record increase in sales for non-store retailing at 18.0% and a continued increase in sales for alcohol stores at 2.3%.

The volume of clothing sales in April 2020 plummeted by 50.2% when compared with March 2020, which had already fallen by 34.9% on the previous month.

The proportion spent online soared to the highest on record in April 2020 at 30.7%, which compares with the 19.1% reported in April 2019.

All store types, except non-store, reached record proportions of online spending in April 2020 as some stores shifted to online only trading.

The three-month on three-month growth rate in the volume of retail sales decreased by 8.6%, with declines across all sectors except food and non-store retailing.

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