UK Economics Correspondent, London
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Apr 25, 2014

Retail sales point to robust Q1 growth

LONDON (Reuters) – British retail sales unexpectedly chalked up modest growth in March, bucking weak industry data and adding to signs that a consumer-led economic recovery is taking hold.

Bank lending data also pointed to improved consumer morale, showing the first annual growth in personal loans since the depths of the financial crisis, although fewer mortgages were approved as banks readied tighter lending rules.

Apr 25, 2014

Retail sales point to robust first-quarter growth, mortgage lending slows

LONDON (Reuters) – Retail sales unexpectedly chalked up modest growth in March, bucking weak industry data and adding to signs that a consumer-led economic recovery is taking hold.

Bank lending data also pointed to improved consumer morale, showing the first annual growth in personal loans since the depths of the financial crisis, although fewer mortgages were approved as banks readied tighter lending rules.