In July 2014, the quantity bought in the retail industry increased by 2.6% compared with July 2013 and by 0.1% compared with June 2014.
The three-month on previous three-month movement in the quantity bought showed continued growth for the seventeenth consecutive month increasing by 0.3%. This was the longest period of sustained growth since November 2007.
Average prices of goods sold in July 2014 compared with July 2013 showed deflation of 0.9%. Food stores were the only sector to show an increase in prices (0.2%). There has been declining growth in this series with July 2014 showing the lowest growth since December 2004, when it fell by 0.1%. These data are consistent with the Consumer Prices Index (CPI) which was published on 19 August 2014.
Since the food stores series began in January 1989, July 2014 was the first time we have seen a fall in the amount spent in food stores year-on-year (1.3%).
In July 2014, the amount spent in the retail industry increased by 1.7% compared with July 2013 and fell by 0.1% compared with June 2014. Non-seasonally adjusted data show that the average weekly spend in the retail industry in July 2014 was £7.0 billion compared with £6.9 billion in July 2013 and £7.0 billion in June 2014.
The amount spent online increased by 11.2% in July 2014 compared with July 2013 but decreased by 1.9% compared with June 2014.
Growth in self-employment in the UK has been the fastest of all Western European countries over the last year, with the proportion of workers who are self-employed rising by almost a whole percentage point.
The UK had internationally low levels of self-employment for many years but has caught up with the EU average
Self-employment has proven to be a key driver of overall job creation, with the working-age employment rate reaching historically high levels.
The unemployment rate continued to fall, reaching 6.4% for April to June 2014, the lowest since late 2008. There were 2.08 million unemployed people, 132,000 fewer than for January to March 2014 and 437,000 fewer than a year earlier.
For April to June 2014, there were 8.86 million economically inactive people (those out of work but not seeking or available to work) aged from 16 to 64. This was 15,000 more than for January to March 2014 but 130,000 fewer than a year earlier. The economic inactivity rate was 21.9%, unchanged compared with January to March 2014
For April to June 2014, there were 30.60 million people in work, 167,000 more than for January to March 2014 and 820,000 more than a year earlier.
The proportion of people aged from 16 to 64 in work (the employment rate), was 73.0%. This was higher than for January to March 2014 and for a year earlier.