British shoppers splashed out on new clothes in April after shops reopened following months of lockdown closures, adding to signs of a robust economic recovery, official data showed on Friday.
Sales volumes in April jumped 9.2% month on month – twice the average forecast in a Reuters poll of economists and the biggest rise since June – after rising 5.1% in March. Clothing sales soared by almost 70%.
“Fashion retailers (were) the ultimate beneficiaries of beer gardens reopening and the ‘rule of six’ night out returning,” said Aled Jones, head of retail at Lloyds Bank.
Bank of England policymakers are