Online sales of Non-Food products in the UK grew 14.3% in February versus a year earlier.
In February 2013, they had increased by 12.3% over the previous year.
In February, online sales represented 17.5% of total Non-Food sales of our Monitor, against 15.4% in February 2013.
Online sales contributed 2.1 percentage points to the growth of Non-Food total sales. Excluding online, Non-Food store sales would have been down in February: half of the categories – Clothing, Footwear and Other Non-Food – would have shown a decline.
The Optimism Index, which predicts business performance in two quarters time, increased for the eighth consecutive month – from 98.0 in August to 100.7 in September, its highest level since April 2010. The figure has risen beyond the 100.0 mark, the level at which the economy is expected to achieve its long-run average trend growth rate over the coming six months, suggesting that economic growth will pick up speed in the next two quarters.
The Output Index, which predicts short-run turnover expectations, also continued its upward trend this month, reaching a 30-month high of 99.5 in September, up from 98.3 in August.
The Inflation Index, which predicts short-run business cost inflationary pressures, recorded a fifth consecutive decline to 100.6 in September from 101.0 in August.
Euro area annual inflation is expected to be 1.1% in September 2013, down from 1.3% in August,
Food, alcohol & tobacco is expected to have the highest annual rate in September (2.6%, compared with 3.2% in August), followed by services (1.5%, compared with 1.4% in August), non-energy industrial goods (0.3%, compared with 0.4% in August), and energy (-0.9%, compared with -0.3% in August).