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News | Strong retail sales figures point to solid growth in Q2 2014

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Strong retail sales figures point to solid growth in Q2 2014

Published 21st May 2014 by Rebecca Walker

Retail sales volumes in April 2014 are up 1.3% on the month, up 6.9% on the year. The share of online business is continuing to rise with the amount spent online increased by 13.3% in April 2014 compared with April 2013.

Retail sales volumes in April 2014 are up 1.3% on the month, up 6.9% on the year. The share of online business is continuing to rise with the amount spent online increased by 13.3% in April 2014 compared with April 2013.

Commenting on the retail sales figures for April 2014, published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC) said:

“In annual terms, retail sales volumes are expanding at their strongest pace since 2004. This is good news, and supports our belief that the UK economy saw continued growth in the second quarter of this year.

“However, the UK recovery still needs to become more balanced. Although consumer spending should remain an important part of overall growth, exports and investment should make a greater contribution or there is a chance the recovery could stall.”

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