Retail Sales – non-food up, food stores down

Retail Sales, March 2014: ONS

  • In March 2014, the quantity bought in the retail industry increased by 4.2% compared with March 2013 and by 0.1% compared with February 2014.
  • The quantity bought also increased in Q1 2014 compared with Q1 2013, by 3.8%. This continues a pattern of year-on-year growth since early 2013.
  • Non-food stores saw the highest year-on-year increase (9.6%) since April 2002.  This may partly reflect the negative effect of the very cold weather a year earlier, which was the second coldest March on record, in contrast to the warm weather in March 2014.
  • Food stores, however, saw the largest year-on-year decrease (2.3%) since April 2013 (2.9%).
  • In March 2014, the amount spent in the retail industry increased by 3.9% compared with March 2013 and by 0.3% compared with February 2014.  Non-seasonally adjusted data show that the average weekly spend in the retail industry in March 2014 was £6.7 billion compared with £6.6 billion in March 2013 and £6.5 billion in February 2014.
  • Average prices of goods sold in March 2014 showed deflation of 0.5%; fuel once again provided the greatest contribution, falling by 5.8%.
  • The amount spent online increased by 7.1% in March 2014 compared with March 2013 and by 1.4% compared with February 2014.
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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 trade volume up

Retail Trade volume up: Eurostat

  • In January 2014 compared with December 2013, the seasonally adjusted volume of retail trade rose by 1.6% in the euro area (EA18) and by 0.9% in the EU28
  • In December 2013 retail trade fell by 1.3% and 0.7% respectively.
  • In January 2014 compared with January 2013 retail trade increased by 1.3% in the euro area and by 1.9% in the EU28.

European retail trade down

European Retail Trade volumes, Oct 2013: Eurostat

  • In October 2013 compared with September 2013, the seasonally adjusted volume of retail trade fell by 0.2% in the euro area (EA17) and by 0.4% in the EU28
  • In September retail trade decreased by 0.6% and 0.4% respectively.
  • In October 2013 compared with October 2012 , the retail sales index fell by 0.1% in the euro area and rose by 0.5% in the EU28.

Volume of European retail trade up

Volume of European retail trade, August 2013: Eurostat

  • In August 2013 compared with July 2013, the seasonally adjusted volume of retail trade increased by 0.7% in the euro area (EA17) and by 0.4% in the EU28
  • In July retail trade gained 0.5% in both zones.
  • In August 2013 compared with August 2012 , the retail sales index fell by 0.3% in the euro area and rose by 0.3%  in the EU28

Retail sales volumes grow

Retail Sales, July 2013: ONS

  • Compared with a year ago (July 2013 compared with July 2012) the quantity bought in the retail industry increased by 3.0%. The main sources of upward pressure came from the predominantly food and non-store retailing sectors.

  • Within the food sector, the quantity bought in July 2013 increased by 2.1% compared with July 2012. This was the highest increase since April 2011.

  • Looking at the monthly picture (July 2013 compared with June 2013), the quantity bought increased by 1.1%. Again, there was strong growth in supermarket sales with a rise of 2.5%.

  • In July 2013, the prices of goods sold in the retail industry rose by 1.8% compared with July 2012. This was mainly due to increases in the prices of goods sold in the food sector. This is consistent with the latest Consumer Prices Index (CPI) release for July 2013.

  • In July 2013, the estimated weekly spend across all retailing averaged £7.0 billion, up from £6.8 billion in June 2013 and £6.7 billion in July 2012.

Best July sales growth since 2006

Retail Sales Monitor, July 2013: BRC

  • UK retail sales values were up 2.2% on a like-for-like basis from July 2012, when they had increased 0.1% on the preceding year.
  • On a total basis, sales were up 3.9%, against a 2.0% increase in July 2012, the fastest July growth since 2006.
  • In real terms, total growth was 4.4%, the fastest since April 2011.
  • Online sales were up 7.9% compared with July 2012, when they had risen by 15.6%.