{"id":119215,"date":"2019-04-18T18:01:06","date_gmt":"2019-04-18T18:01:06","guid":{"rendered":"https:\/\/www.bnreport.com\/retail-sales-jump-higher-than-expected-in-march\/"},"modified":"2019-04-18T18:01:06","modified_gmt":"2019-04-18T18:01:06","slug":"retail-sales-jump-higher-than-expected-in-march","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/retail-sales-jump-higher-than-expected-in-march\/","title":{"rendered":"Retail sales jump higher than expected in March"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.cityam.com\/assets\/uploads\/main-image\/full_width_article_body_image\/consumers-in-the-christmas-eve-retail-rush-158697133-5cb837eb8aea6.jpg\"\/><\/p>\n<p>Retail sales enjoyed a surprising boost in March climbing much higher than expected, led by a spike in food shopping.<\/p>\n<p>Sales rose 1.1 per cent month-on-month, above expectations of a 0.3 per cent drop as food store sales and non-store retailing drove the increase, according to the Office for National Statistics (ONS).<\/p>\n<p>Year-on-year sales jumped 6.7 per cent \u2013 the largest rise since October 2016 \u2013 from last March, which was heavily affected by the Beast from the East.<\/p>\n<p>In the first three months of the year sales grew 1.6 per cent compared with the final quarter of 2018 \u2013 all types of shop boosted sales apart from department stores.<\/p>\n<p>Head of retail sales at ONS Rhian Murphy said: &quot;Retail sales increased in the three months to March, following sustained growth throughout the first three months of the year.<\/p>\n<p>&quot;March&#039;s mild weather boosted sales, with food shops also recovering after a weak February.&quot;<\/p>\n<p>She added: &quot;Over the longer term, department stores were the only shop type to see their sales shrink.&quot;<\/p>\n<p>Chief economist at WorldFirst, Jeremy Thomson-Cook said: &quot;These figures are surprising \u2013 a late Easter and declining credit card spending would typically mean a softer retail environment.<\/p>\n<p>&quot;Stronger employment and higher wages are natural drivers of higher consumer sentiment, while the effect from last years Beast from the East brightens the year-on-year comparison.&quot;<\/p>\n<p><a href=\"http:\/\/www.cityam.com\/276466\/retail-sales-jump-much-higher-than-expected-march-\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Read More \u2013 Source<\/strong><\/a><br \/>\n[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/loopup.com\/app\/uploads\/2016\/08\/cityam-logo.jpeg\"\/><\/p>\n<h5><a href=\"http:\/\/www.cityam.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">CityAM<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retail sales enjoyed a surprising boost in March climbing much higher than expected, led by a spike ..<\/p>\n","protected":false},"author":1,"featured_media":119216,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-119215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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