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Release: Retail Sales, July 2014

Released: 21 August 2014 Next edition: 18 September 2014

Contact

Pete Lee

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

  • 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. 

  • Revisions to the time series are due to the incorporation of late data returns.  More detail on revisions can be found in the revisions section of the background notes.

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.

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