Retail gross sales jumped in April due to greater spending over Easter, though more durable 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 many of the development, however customers have been extra cautious about different objects.
The BRC stated shopper spending would gradual as inflation climbed.
Chief government Helen Dickinson OBE stated: “The constructive distortion from the timing of Easter was largely chargeable for the month’s development and trying to the longer-term indicators of a slowdown, the outlook is not as rosy.”
Based on the research, gross sales of foods 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 sooner than the 12-month common of two% development, it discovered.
Nonetheless, quarterly gross sales of non-food objects grew extra slowly at zero.7%.
Exceptions included gross sales of youngsters’s garments and toys and furnishings, though researchers stated these rises have been seasonal.
Based on 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% towards the greenback because the EU referendum final June, pushing up the value of imported items. This threatens to derail a shopper spending increase that has underpinned financial development because the referendum.
Ms Dickinson stated: “Though in the present day’s figures do point out that customers are nonetheless keen to spend, with a cocktail of rising prices and slowing wage development because the backdrop, situations for shoppers will get more durable.”