Retail sales grew strongly in the year to April and are expected to grow at an even faster pace next month, according to the CBI’s latest monthly Distributive Trades Survey. The survey of 131 firms showed that sales growth in April (+30%) improved from March (+13%), with sales now having increased year-on-year for the fifth consecutive month. Sales volumes are expected to rise again by 43% next month, making it the highest expected growth since December 2010.
Barry Williams, Chair of the CBI Distributive Trades Survey Panel said “The high street has a spring in its step – retailers performed well in April and enjoyed a strong rise in sales compared with this time last year. It’s a welcome rebound from March, largely down to the later timing of Mother’s Day and Easter.”