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News - 23 May 2012
|He's buying less this month [photo source: ccskalas2]|
UK retail sales fall dramatically in April; Brighton less so.
The latest figures from the Office for National Statistics (ONS) show retail sales volumes falling by 2.3% last month including a record decline in petrol sales. Sales in March had increased by 2%.
Sales of fuel were down by over 13% in April in marked contrast to the panic-buying in March in anticipation of a strike by tanker drivers.
If the fall in petrol sales is ignored, total other retail sales volumes decreased by 1% giving an annual decline to date of 1.1% which confounded analysts who were expecting a rise of about the same value. The British Retail Consortium [BRC] index was even worse showing sales decline by 3.3%.
According to the ONS even food sales in April only increased by a paltry 0.1% compared with 2011, the smallest year-on-year growth the smallest growth for over 20 years possibly due to food price inflation being 3.7%.
In Brighton retail sales fell by 1.36% which is significantly better than the ONS national benchmark.
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