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Revealed: Winners of the Fund Manager of the Year Awards 2021
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Global Markets: Stocks grind higher as investors ponder US inflation signals
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Stocks grind higher as investors ponder U S inflation signals
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BoE faces sliding door moment as it holds the interest rate
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UK retail sales surge higher in March ahead of lockdown easing
Customers have flocked back to shops since the easing of lockdown restrictions. (Photo by Dan Kitwood/Getty Images)
Retail sales continued to recover in March with a monthly increase of 5.4 per cent as the nearing of Covid restrictions loosening boosted consumer spending.
This exceeded a prediction from economics of a monthly increase of 1.5 per cent, data from the Office for National Statistics showed on Friday.
Sales were 1.6 per cent higher than in February 2020, before the impact of the pandemic struck.
The ONS said the data reflected “the effect of the easing of coronavirus restrictions on consumer spending.”