In June 2014, the quantity bought in the retail industry increased by 3.6% compared with June 2013 and by 0.1% compared with May 2014. The quantity bought also increased in Q2 2014 compared with Q2 2013, by 4.5%.
The three-month on previous three-month movement in the quantity bought showed continued growth for the sixteenth consecutive period increasing by 1.6%. This is the highest calendar quarter since March 2004 (1.9%) and has been the longest period of sustained growth since November 2007.
Following a four month period of disinflation, the average prices of goods sold in June 2014 showed no change compared with June 2013 after a fall of 0.7% in May 2014.
In June 2014, the amount spent in the retail industry increased by 3.5% compared with June 2013 and by 0.8% compared with May 2014. Non-seasonally adjusted data show that the average weekly spend in the retail industry in June 2014 was £7.1 billion compared with £6.8 billion in June 2013 and £6.9 billion in May 2014.
The amount spent online increased by 13.4% in June 2014 compared with June 2013 and decreased by 0.1% compared with May 2014. Month-on-month this is the first time since January 2014 we have seen a decrease (2.1%).