Retail sales volume rose in April 2022

The quantity of goods purchased from retail stores rose by 1.4% in April 2022, following a fall of 1.2% the previous month.

However, data from the Office for National Statistics shows that sales volumes decreased by 0.3% in the three months to April compared with the previous three months - continuing a downward trend since spring 2021.

Despite this, sales volumes in April were 4.1% higher than February 2020 (pre-pandemic) levels.

The rise in retail sales volumes in April was driven by a 2.8% increase in food store sales, following falls in the previous five months.

Non-store retailing sales volumes rose by 3.7% in April 2022 and were led by stronger clothing sales, which Julian Jessop of the Institute of Economic Affairs said is evidence that "life is getting back to normal after Covid".

Responding to the data, Helen Dickinson, chief executive of the British Retail Consortium, said:

"Retail sales are being squeezed by a combination of low demand, high inflation and rising costs.

"The fall in demand comes as consumers rein in their discretionary spending following a significant reduction to real incomes for households across the UK."

She added that "retailers could be in for some difficult times ahead" unless inflation is brought to heel and consumer confidence returns.

Contact us for industry-leading business advice.

Let's talk. We're here to help get you started.

Our team of accountants in Hertfordshire is ready to provide the personalised support your business needs to thrive.

Your questions answered

How can Barley Grove help my start-up grow?

We provide tailored accounting and financial advice for start-ups, including cashflow management, financial forecasting, and strategic growth advice to help you succeed from the start.

Do you offer consultations outside of regular business hours?

Yes, we offer flexible consultations, including outside of regular business hours, to accommodate your busy schedule and ensure you get the support you need.

How do I switch accountants to Barley Grove?

Switching to Barley Grove is simple. We’ll manage the process, liaise with your previous accountant, and handle the paperwork to ensure a smooth transition.

Will switching accountants affect my current accounts?

No, switching accountants won’t disrupt your business. We’ll ensure a seamless handover of financial records and take care of the details for you.

Quickbooks logo
Xero Silver partner logo

Sign-up for our newsletter

By submitting your details you agree to receive email marketing from Barley Grove and have read and understood our Privacy Notice. You can withdraw your consent or change your preferences at any time by emailing us or by clicking the link at the bottom of every email we send you.

10-14 Old Wallfields,
Peg's Lane,
Hertford,
SG13 8EQ