Retail sales up

Retail Sales, January 2015

  • Retail sales in January 2015 were estimated to have increased by 5.4% compared with January 2014. This is the 22nd consecutive month of year-on-year growth and the longest period of sustained year-on-year growth since May 2008
  • Compared with December 2014, the quantity bought in the retail industry was estimated to have decreased by 0.3%.
  • Average store prices fell by 3.1% in January 2015 compared with January 2014.
  • In January 2015, the amount spent in the retail industry increased by 2.3% compared with January 2014 and fell by 1.0% compared with December 2014.
Advertisements

First decline in spending in food stores in 25 years

Retail Sales, July 2014: ONS

  • 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.

Retail sales growth

Retail Sales, February 2014: ONS

  • Year-on-year estimates of the quantity bought in the retail industry continued to show growth. In February 2014, the quantity bought increased by 3.7% compared with February 2013.
  • The three month on previous three month movement in the quantity bought showed continued growth for the twelfth consecutive period increasing by 1.6%.  This has been the longest period of sustained growth since November 2007.
  • The average prices of goods sold showed deflation of 0.2% with fuel providing the greatest contribution to this at 4.4%. The last time store price deflation occurred was September 2009 (0.8%) when fuel was again the main contributor at 5.8%.
  • In February 2014, the amount spent in the retail industry increased by 3.5% compared with February 2013 and by 1.3% compared with January 2014.  Non seasonally adjusted data show that the average weekly spend in the retail industry in February 2014 was £6.6 billion compared with £6.3 billion in February 2013 and £6.4 billion in January 2014.
  • The amount spent online increased by 12.4% in February 2014 compared with February 2013 and by 2.5% compared with January 2014.

Retail sales growth

Retail Sales, January 2014: ONS

  • 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.