Market news

22 May 2020

UK retail sales fell sharply in April

According to the report from Office for National Statistics, the volume of retail sales in April 2020 fell by a record 18.1%, following the strong monthly fall of 5.2% in March 2020. Economists had expected a 16.0% decrease.

All sectors saw a monthly decline in volume sales except for a record increase in sales for non-store retailing at 18.0% and a continued increase in sales for alcohol stores at 2.3%.

The volume of clothing sales in April 2020 plummeted by 50.2% when compared with March 2020, which had already fallen by 34.9% on the previous month.

The proportion spent online soared to the highest on record in April 2020 at 30.7%, which compares with the 19.1% reported in April 2019.

All store types, except non-store, reached record proportions of online spending in April 2020 as some stores shifted to online only trading.

The three-month on three-month growth rate in the volume of retail sales decreased by 8.6%, with declines across all sectors except food and non-store retailing.

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

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