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Release: Retail Sales, February 2014

Released: 27 March 2014 Next edition: 25 April 2014

Contact

Kate Davies

Retail Sales

retail.sales.enquiries@ons.gsi.gov.uk

Telephone: +44 (0) 1633 455602

Categories: Economy, National Accounts, National Income, Expenditure and Output

Frequency of release: Monthly

Language: English

Geographical coverage: GB

Geographical breakdown: GB

Survey name(s): Monthly Business Survey - Retail Sales Inquiry

  • 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. 

Contains a first estimate of retail sales in volume and value terms, seasonally and non-seasonally adjusted

These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

Content from the Office for National Statistics.
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