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UK retail sales growth at fastest for a decade

UK retail sales are growing at the fastest rate for a decade, according to the Office for National Statistics (ONS).

Retail sales volume rose 6.9% in April compared with last year, and by 1.3% compared with March 2014, the fastest rate of growth since May 2004.

The ONS said that the “underlying pattern is one of growth” for the UK retail sector.

With the exception of petrol stations, all stores saw year-on-year increases in sales volumes. 

In April 2014, the amount spent in the retail industry increased by 6.2% compared with April 2013 and by 0.6% compared with March 2014.  Non-seasonally adjusted data shows that the average weekly spend in the retail industry in April 2014 was £7bn compared with £6.5bn in April 2013 and £6.8bn in March 2014.

Following a weak March, the amount spent online increased by 13.3% in April 2014 compared with April 2013 and by 2.6% compared with March 2014. 

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