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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

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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Risk Warning:
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.
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.