U.K. April Retail Sales Surge on Discounted Food, Households
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U.K. retail sales increased for a third month in April as a buoyant property market bolstered spending on household goods and price discounting saw food sales rise at the fastest pace in three years.
Sales including auto fuel surged 1.3 percent from March, when they rose an upwardly revised 0.5 percent, the Office for National Statistics said today in London. That compared with a forecast for an increase of 0.4 percent, according to the median estimate in a Bloomberg News survey. Sales jumped 6.9 percent in April from a year earlier, the most since May 2004.