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Economics

UK Retail Sales Jump Masks Growing Concerns Over Outlook

  • Britons are staying in to save money amid cost of living shock
  • Shift explains spending on supermarket alcohol and sweets
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WATCH: UK Retail Sales unexpectedly rose 1.4% from a month earlier in April. Anna Edwards and Mark Cudmore break down the numbers.Source: Bloomberg
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Such is that state of the UK consumer that even seemingly positive data can reveal bad news about the economy.

After a week of grim reports showing inflation at a four-decade high and consumer confidence at the lowest level since at least 1974, a release on Friday showing retail sales unexpectedly rose in April appeared to buck the trend.