Retail gross sales jumped in April due to larger spending over Easter, though harder occasions could also be forward, a survey has discovered.
The business foyer group the British Retail Consortium and KPMG stated gross sales had risen 5.6% since April 2016 – up from a fall of 1% in March.
Meals spending accounted for a lot of the progress, however buyers had been extra cautious about different gadgets.
The BRC stated client spending would gradual as inflation climbed.
Chief govt Helen Dickinson OBE stated: “The optimistic distortion from the timing of Easter was largely accountable for the month’s progress and seeking to the longer-term indicators of a slowdown, the outlook is not as rosy.”
In response to the research, gross sales of food and drinks soared over the lengthy Easter weekend boosting whole spending.
Over the three months to April, whole meals gross sales elevated by three.6% – a lot quicker than the 12-month common of two% progress, it discovered.
Nevertheless, quarterly gross sales of non-food gadgets grew extra slowly at zero.7%.
Exceptions included gross sales of kids’s garments and toys and furnishings, though researchers stated these rises had been seasonal.
In response to official statistics, UK retail gross sales posted their biggest quarterly fall in seven years in March, as the costs of on a regular basis items continued to climb.
The worth of the pound has slumped by round 14% in opposition to the greenback for the reason that EU referendum final June, pushing up the worth of imported items. This threatens to derail a client spending increase that has underpinned financial progress for the reason that referendum.
Ms Dickinson stated: “Though as we speak’s figures do point out that buyers are nonetheless keen to spend, with a cocktail of rising prices and slowing wage progress because the backdrop, circumstances for customers will get harder.”