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News - 28 April 2014

Retail sales edged up in March.

New figures from the Office for National Statistics (ONS) show that retail sales edged up in March compared with the previous month, with sales volumes 0.1% higher in March than in February, but more significantly, they rose by 4.2% compared with March 2013.

The ONS said this was helped considerably by the comparison with March 2013 which was the second coldest March on record. This year the weather was much warmer, leading to more people heading out to the shops.

Tonmoy Kumar, Manager of the Accounts Department of ABDS comments:
“Retail sales figures for the first quarter of the year also show that sales volumes were up 3.8% in the first three months of the year compared with the first quarter of 2013. These figures add to evidence that the UK economy grew strongly in the first three months of the year.”

Earlier this week it emerged that the Bank of England had raised its growth forecast for the quarter to 1% from 0.9%.

If you need any help and advice on SME or the retail industry strategy, contact Lavinia Newman or Peter Ham now to discuss how ABDS can help bring their experience to these matters.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients
Mindful of our client’s long term strategic goals

Helping Your Business is Our Business

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