14 May | Other

Easter celebrations in UK boosted consumer activity — Reuters

Easter celebrations in UK boosted consumer activity — Reuters

According to data published by Reuters, consumer activity and retail sales in the UK increased significantly during the Easter celebrations. As reported by the British Retail Consortium, the volume of goods sales increased by 7% compared to April last year.

Reuters analysts noted the decrease in consumer anxiety about the Donald Trump administration's new tariffs. On the background of warm weather and holidays, consumers increased purchases of food, gardening equipment, and clothing, the agency reported.

Separate data, published by the financial conglomerate Barclays, indicate a comparable increase in consumer spending last month.

Meanwhile, according to the company's survey, about 75% of respondents expressed concern about the impact of the US trade duties on household budgets, although the level of confidence in personal finances remained stable at 70%.

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