Year-on- year estimates of the quantity bought in the retail industry showed strong growth for the second consecutive month in January 2014, increasing by 4.3%.
Year-on-year there was notable growth in non-food stores (8.0%). Stores selling household goods increased by 9.8%, the largest year-on-year increase in these stores since July 2007. Other goods stores increased by 14.8%. However, the growth experienced by both store types was in part a consequence of a weak January 2013 where heavy snowfall during the latter part of this month could have affected sales.
Looking at the short term picture, the quantity bought in the retail industry fell by 1.5% compared with December 2013. The amount spent decreased by 1.8% in the same period. It must be remembered that month-on-month growth in December 2013 was particularly strong at 2.5%
The amount spent online showed a similar pattern to the amount spent in store. Compared with January 2013 the amount spent online increased by 8.9% but fell by 3.3% compared with December 2013.