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Statistical bulletin: Retail Sales, July 2014 This product is designated as National Statistics

Released: 21 August 2014 Download PDF

Key Points

  • 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.

Additional Information

This bulletin presents estimates of the quantity bought (volume) and amount spent (value) in the retail industry for the period 6 July 2014 to 2 August 2014. Unless otherwise stated, the estimates in this release are seasonally adjusted.

Users are reminded that the figures contained within this release are estimates based on a monthly survey of 5,000 retailers, including all large retailers employing 100 people or more. The timeliness of these retail sales estimates, which are published just three weeks after the end of each month, makes them an important early economic indicator. The industry as a whole is used as an indicator of how the wider economy is performing and the strength of consumer spending.

Key Figures

Table 1: All Retailing, July 2014 (seasonally adjusted percentage change)

      Most recent month on a year earlier Most recent 3 months on a year earlier Most recent month on previous month Most recent 3 months on previous 3 months
Amount spent (Value)  1.7 2.6 -0.1 0.4
Quantity bought (Volume)   2.6 3.2 0.1 0.3
Value excluding automotive fuel 2.8 3.5 0.1 0.5
Volume excluding automotive fuel   3.4 3.8 0.5 0.6

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At a Glance

In July 2014, the quantity bought in the retail industry (volume) increased by 2.6% compared with July 2013. 

The amount spent (value) increased by 1.7%. In July 2014, non-seasonally adjusted data show that the prices of goods sold in the retail industry (as measured by the implied price deflator) decreased by 0.9%.

More information on how the implied price deflator is calculated can be found in section 3 of the background notes.

Economic Context

To enable a comparison of change, Figure 1 shows the quantity of goods bought in the retail industry (all retailing sales volumes) and the amount spent (all retailing sales values), as indices referenced to 2010.

Figure 1: All retailing seasonally adjusted sales volumes and values

Figure 1: All retailing seasonally adjusted sales volumes and values
Source: Monthly Business Survey - Retail Sales Inquiry - Office for National Statistics

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Prior to the 2008/09 downturn, both the quantity and the value of retail sales grew steadily. Between January 2005 and January 2008, retail sales were supported by growing real household incomes. As average weekly earnings (AWE) increased more rapidly than the CPI households consumed more retail goods – the quantity of retail sales (including fuel) grew by 7.8% over this period. At the same time the value of retail sales increased by 11.7%, reflecting price increases over this period.

Between January 2008 and January 2013, the area shaded in grey, the volume of retail sales was broadly flat while the value of retail sales continued to grow, increasing by 11.9%. The difference reflects the extent to which prices have grown following the onset of the economic downturn – the CPI increased by 17.9% over this period as well as the squeeze felt on household real earnings.

Further analysis of recent trends in real wages and potential explanations can be found in ONS’s An Examination of Falling Real Wages, 2010 to 2013.

However, since the start of 2013, year-on-year growth in volume terms has increased noticeably. The volume of retail sales is now 6.1% higher than in December 2012 and continues to outstrip increases in value terms, despite slowing to 2.6% in the year to July 2014.

The recent slowdown in growth of retail sales volumes has also been reflected in the latest estimates of prices and wages. While CPI has remained stable around the Bank of England’s inflation target, AWE has experienced a period of weak growth. For April to June 2014, average regular pay (excluding bonuses) grew by 0.6% compared with a year earlier. This was the lowest annual growth since records began in 2001 and implies a further deterioration of households’ real earnings.

 

Contributions to Growth

The retail industry is divided into four retail sectors:

  • Predominantly food stores (e.g. supermarkets, specialist food stores and sales of alcoholic drinks and tobacco);

  • Predominantly non-food stores (e.g. non-specialised stores, such as department stores, textiles, clothing & footwear, household goods and other stores);

  • Non-store retailing (e.g. mail order, catalogues and market stalls); and

  • Stores selling automotive fuel (petrol stations).

In July 2014, for every pound spent in the retail industry:

  • 42 pence was spent in food stores;

  • 41 pence in non-food stores;

  • 6 pence in non-store retailing; and

  • 11 pence in stores selling automotive fuel.

Using these as weights, along with the year-on-year growth rates, we can calculate how each sector contributed to the total year-on-year growth in the quantity bought.

Figures 2 and 3 show the contribution of each sector to the quantity bought (volume) and amount spent (value) in the retail industry between July 2013 and July 2014.

 

Figure 2: Contributions to year-on-year volume growth from the four main retail sectors (July 2014 compared with July 2013)

Figure 2: Contributions to year-on-year volume growth from the four main retail sectors (July 2014 compared with July 2013)
Source: Monthly Business Survey - Retail Sales Inquiry - Office for National Statistics

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In July 2014, two out of the four main retail sectors (non-store retailing and non-food stores) saw an increase in the quantity bought (volume). The largest contribution came from the non-food stores sector. 

Figure 3: Contributions to year-on-year value growth fom the four main retail sectors (July 2014 compared with July 2013)

Figure 3: Contributions to year-on-year value growth fom the four main retail sectors (July 2014 compared with July 2013)
Source: Monthly Business Survey - Retail Sales Inquiry - Office for National Statistics

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In July 2014, two out of the four main sectors (non-store retailing and non-food stores) contributed to the increase in amount spent (value). The largest contribution came from the non-food stores sector. 

International Data 

The only international estimate of retail sales available for July 2014 was published by the US Census Bureau on 13 August.  In its advanced retail sales estimates for July 2014 the amount spent in the US retail industry, including motor vehicles & parts and food services increased by 3.7% compared with July 2013 and was virtually unchanged on the previous month. Total sales for the three months to July 2014 were up 4.2% from the same period a year ago.

The latest estimates, for June 2014, of the volume of retail trade across Europe showed an increase of 0.4% compared with May 2014 in the euro area (EA18) and an increase of 0.3% in the European Union (EU28). In June 2014 compared with June 2013, the retail sales index increased by 2.4% in the EA18 and by 2.5% in the EU28.

Figure 4 shows that the quantity bought in both the EA18 and EU28 have not increased at the same rate as they have in GB over the time period shown. In particular, the strength in retail sales volumes in the early part of 2014 was not evident in either the EA18 or EU28. 

Figure 4: Comparison of retail sales volumes in Great Britain, Euro area (EA18) and EU28

Figure 4: Comparison of retail sales volumes in Great Britain, Euro area (EA18) and EU28
Source: Monthly Business Survey - Retail Sales Inquiry - Office for National Statistics

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Analysis of food stores

Compared with July 2013, both the quantity bought and amount spent in food stores decreased, by 1.5% and 1.3% respectively.  Since the series began in January 1989 this was the first time we have seen a fall in the amount spent in food stores year-on-year. While the July 2013 figure was high at 5.9%, the fall in the amount spent in July 2014 (1.3%) suggests that prolonged discounting and price wars were having an effect on overall sales.

Store price inflation in food stores, as measured by the implied price deflator, increased by 0.2% compared with July 2013 slowing from 0.8% in June 2014. This was the only sector showing a year-on-year increase in store price in July 2014.   

Month-on-month, both the quantity bought and amount spent increased slightly, by 0.4% and 0.1% respectively compared with June 2014. 

Analysis of other stores

In July 2014, the quantity bought in other stores increased by 9.6% compared with July 2013 with an increase of 8.3% in the amount spent.  These were the highest year-on-year growths in a July since 2004 (11.5% and 10.4% respectively).  Table 2 shows the main contributors to growth within this retail sector.  
  

Table 2: Contributions to year-on-year volume and value growth in other stores

Sector Weights (%) Growth rates Volume (%) Contribution to Volume (percentage points) Growth rates Value (%) Contribution to Value (percentage points)
Dispensing Chemists 0.31 0.0 0.0 0.9 0.0
Medical Goods 0.14 27.5 0.3 30.5 0.3
Cosmetic & Toilet Articles 0.84 1.0 0.1 0.1 0.0
Computers & Telecoms Equipment 1.23 15.1 1.5 2.9 0.3
Floor Coverings 0.59 -5.0 -0.2 -6 -0.3
Books, Newspapers & Periodicals 1.22 -3.2 -0.3 1.2 0.1
Sports Equipment, Games & Toys 2.18 20.6 3.7 21.5 3.6
Flowers, Plants, seeds, fertilisers and pet foods 1.15 -7.7 -0.7 -6.7 -0.6
Watches & jewellery 1.42 7.4 0.8 7.3 0.8
Other retail sale of New Goods in Specialised Stores 2.81 14.1 3.3 13 2.9
Second-hand goods 0.64 22.2 1.1 22.4 1.2
Total     9.6   8.3

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Of the 11 other store sub-sectors 7 showed year-on-year growth in July 2014 when compared with July 2013. The largest increase in growth during this period was the medical goods industry which increased by 27.5%, followed by sports equipment, games & toys which increased by 20.6%.  Due to their relative weights within retail sales of 0.14 and 2.18 respectively, their relative effect on overall retail sales growth was somewhat reversed with sports equipment, games & toys contributing 3.7% of the 9.6% year-on-year growth, while medical goods contributed only 0.3%.  Due to their respective weights, medical goods was heavily outweighed in overall contribution by the other retail sale of new goods in specialised stores sector which, with year-on-year growth of 14.1% was almost half the growth of medical goods but contributed 3.3% to the 9.6% year-on-year growth. 

Distribution Analysis

Table 3 illustrates the mix of experiences among different sized retailers. It shows the distribution of reported change in sales values of businesses in the RSI sample, ranked by size of business (based on number of employees). It shows that businesses with 0-9 employees saw the largest growth in the amount spent comparing July 2014 with July 2013, while businesses with 10-39 employees experienced weaker growth in the amount spent at 0.5%.

Table 3: Changes in reported retail sales values between July 2013 and July 2014 standard reporting periods (by size of business)

Number of employees Weights (%) Growth since July 2013 (%)
100+ 78.1 1.5
40-99 2.6 6.1
10-39 6.5 0.5
0-9 12.8 6.5

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More information on the performance of the retail industry by store type and size can be found in the reference table, Business Analysis (25.5 Kb Excel sheet) , which shows the extent to which individual businesses reported actual changes in their sales between July 2013 and July 2014. The table contains information only from businesses that reported in July 2013 and July 2014. Cells with values less than 10 are suppressed for some classification categories; this is denoted by c. Note that ‘large’ businesses are defined as those with 100+ employees and 10–99 employees with annual turnover of more than £60 million, while ‘small and medium’ is defined as 0–99 employees.

Amount Spent in the Retail Industry

In the July 2014 four week reporting period, the amount spent in the retail industry was £28.2 billion (non-seasonally adjusted).  This compares with £35.2 billion in the five week reporting period for June 2014 and £27.7 billion in the four week reporting period for July 2013.

This equates to an average weekly spend of £7.0 billion in July 2014, £7.0 billion in June 2014 and £6.9 billion in July 2013.

Sector Summary

Key Points

  • All sectors except predominantly food stores and fuel stores showed increases in the quantity bought year-on-year. The decrease of 4.7% in the quantity bought in fuel stores was the largest decrease since March 2013 (10.1%).

  • All sectors except predominantly food stores and fuel stores, showed increases in the amount spent compared with July 2013.  The decrease of 1.3% in food stores is the first time that the amount spent year-on-year has fallen.

  • Predominantly food stores was the only sector to see average prices rise in July 2014, all other sectors saw average prices fall compared with July 2014.

Table 4: Sector Summary, July 2014

  Percentage change over 12 months Average weekly sales (£ billion)
Quantity bought (volume)  Amount spent (value)  Average store price 
Predominantly food stores¹ -1.5 -1.3 0.2 2.9
Predominantly non-food stores² 6.5 5.6 -0.7 2.9
Non-specialised stores³ 8.0 6.8 -1.2 0.5
Textiles, clothing & footwear stores 3.9 3.6 -0.3 0.8
Household goods stores 3.5 3.1 -0.3 0.5
Other stores 9.6 8.3 -1.1 0.9
Non-store retailing 13.1 12.1 -1.2 0.4
Fuel stores -4.7 -6.9 -2.5 0.7
Total   2.6 1.7 -0.9 7.0

Table notes:

  1. Supermarkets, specialist food stores and sales of alcoholic drinks & tobacco.
  2. Non-specialised stores, textiles, clothing &  footwear, household goods and other stores.
  3. Department stores.

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Note: more information on how average store prices are calculated can be found in the quick guide to retail sales (116.9 Kb Pdf) or in the background notes.

Internet sales in detail

Seasonally adjusted Internet sales data are provided within this release. These seasonally adjusted estimates are published in the RSI internet tables (197 Kb Excel sheet) and include:

  •  A seasonally adjusted value index; and

  • Year-on-year and month-on-month growth rates.

Internet sales are estimates of how much was spent online through retailers across all store types in Great Britain. The reference year is 2010=100.

Key Points

  • Average weekly spending online in July 2014 was £716.0 million. This was an increase of 11.2% compared with July 2013.

  • The amount spent online accounted for 11.2% of all retail spending excluding automotive fuel, compared with 10.3% in July 2013. 

  • The online spend in department stores increased by 16.0% year-on-year, but decreased by 5.3% in the other stores sector.

Table 5 shows the year-on-year growth rates for total Internet sales by sector and the proportion of sales made online in each retail sector. 

Table 5: Summary of Internet Statistics for July 2014 (seasonally adjusted)

Category Year on year growth (%)  Proportion of total sales  made online (%)
All retailing 11.2 11.2
All food 10.9 3.7
All non-food 11.4 8.9
  Department stores 16.0 10.5
  Textile, clothing & footwear stores 21.1 12.0
  Household goods stores 13.9 5.7
  Other stores -5.3 7.0
Non-store retailing 11.2 66.7

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Figure 5 shows that, between January 2008 and July 2014 the proportion of retail sales (excluding automotive fuel) made online has increased from 4.2% to 11.2%.

Figure 5: Value of internet sales as a proportion of all retailing (excluding automotive fuel, seasonally adjusted)

Figure 5: Value of internet sales as a proportion of all retailing (excluding automotive fuel, seasonally adjusted)
Source: Monthly Business Survey - Retail Sales Inquiry - Office for National Statistics

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Background notes

  1. Future Improvements

    We are currently carrying out a review of seasonal adjustment, the results of this review will be incorporated into the RSI release published 18 September 2014.  

  2. What’s New

    ONS is currently gathering views from users on how the retail sales and other short-term economic indicators data are used, we would welcome your views by completing the National Accounts Survey.

  3. Relevant Links
     
    Revisions to the Retail Sales Index (100 Kb Pdf) details why revisions to the non-seasonally adjusted and seasonally adjusted data can occur.   Revisions triangles can be found under section 5 Quality in the background notes.

    International Measures of Retail Sales

    Disclosure control policy (173.1 Kb Pdf)

    Comparability of RSI Sales and External Indicators (95.5 Kb Pdf)

    RSI Workplan (93.4 Kb Pdf)

    Why is the retail sales revisions policy different from the National Accounts revisions policy (53.9 Kb Pdf)

    RSI Quality and Methodology Information paper (245.6 Kb Pdf)

    BRC Sales Monitor July 2014

    National Accounts Workplan (410 Kb Powerpoint presentation)

    14 ways ONS statistics help you understand the economy - A closer look at the circular flow of income

  4. Understanding the data


    1. Quick Guide to the Retail Sales Index

    A quick guide to the Retail Sales Index (116.9 Kb Pdf)

    2. Interpreting the data

    • The Retail Sales Index (RSI) is derived from a monthly survey of 5,000 businesses in Great Britain. The sample represents the whole retail sector and includes the 900 largest retailers and a representative panel of smaller businesses. Collectively all of these businesses cover approximately 90 per cent of the retail industry in terms of turnover.

    • The RSI covers sales only from businesses classified as retailers according to the Standard Industrial Classification 2007 (SIC 2007), an internationally consistent classification of industries. The retail industry is division 47 of the SIC 2007 and retailing is defined as the sale of goods to the general public for household consumption. Consequently, the RSI includes all Internet businesses whose primary function is retailing and also covers Internet sales by other British retailers, such as online sales by supermarkets, department stores and catalogue companies. The RSI does not cover household spending on services bought from the retail industry as it is designed to only cover goods. Respondents are asked to separate out the non-goods elements of their sales, for example income from cafeterias. Consequently, online sales of services by retailers, such as car insurance, would also be excluded.

    • The monthly survey collects two figures from each sampled business: the total turnover for retail sales for the standard trading period, and a separate figure for sales made over the Internet. The total turnover will include Internet sales. The separation of the Internet sales figure allows an estimate relating to Internet sales to be calculated separately.

    3. Definitions and explanations

    • The value or current price series records the growth of the value of sales ‘through the till’ before any adjustment for the effects of price changes.

    • The volume or constant price series are constructed by removing the effect of price changes from the value series. The Consumer Prices Index (CPI) is the main source of the information required on price changes. In brief, a deflator for each type of store (5-digit SIC) is derived by weighting together the CPI components for the appropriate commodities, the weights being based on the pattern of sales in the base year. These deflators are then applied to the value data to produce volume series.

    • The implied deflator or the estimated price of goods is derived by dividing the non-seasonally adjusted value and volume data to leave a price relative. In general, this implied price deflator should be quite close to the retail component of the CPI. More information on the implied price deflator can be found in the Quick Guide to Retail Sales. (116.9 Kb Pdf)

    4. Use of the data

    The value and volume measures of retail sales estimates are widely used in private and public sector organisations both domestically and internationally. For example, private sector institutions such as investment banks, the retail industry itself and retail groups use the data to inform decisions on the current economic performance of the retail industry. These organisations are most interested in a long term view of the retail sector that can be obtained from year-on-year growth rates. Public sector institutions use the data to assist in informed decision and policy making and tend to be most interested in a snapshot view of the retail industry, which is taken from the month-on-month growth rates.

    The Retail Sales Index feeds into estimates of gross domestic product in two ways.  Firstly it feeds into the services industries when GDP is measured from the output approach.  Secondly it is a data source used to measure household final consumption expenditure which feeds into GDP estimates when measured from the expenditure approach.

    The data feed into the first (or preliminary) estimate of GDP; the second estimate of GDP and the third estimate which is published in the Quarterly National Accounts.

  5. Methods

    • Information on retail sales methodology is available

    1. Composition of the data

    Estimates in this statistical bulletin are based on financial data collected through the monthly Retail Sales Inquiry. The response rates for the current month reflect the response rates at the time of publication. Late returns for the previous month’s data are included in the results each month. Response rates for historical periods are updated to reflect the current level of response at the time of this publication.

    Table 6: Overall Response Rates

      Overall response rates (%)
    Year Period Turnover Questionnaire
    2014 July 94.7 61.9
    June 97.8 75.1
    May 98.9 79.1
      Apr 99.1 77.9

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    2. Seasonal adjustment

    Seasonally adjusted estimates are derived by estimating and removing calendar effects (for example Easter moving between March and May) and seasonal effects (for example increased spending in December as a result of Christmas) from the non-seasonally adjusted (NSA) estimates. Seasonal adjustment is performed each month, and reviewed each year, using the standard, widely used software, X-12-ARIMA. Before adjusting for seasonality, prior adjustments are made for calendar effects (where statistically significant), such as returns that do not comply with the standard trading period (see section Methods, Calendar effects), bank holidays, Easter and the day of the week on which Christmas occurs.

    The data collected from the retail sales survey estimate the amount of money taken through the tills of retailers; these are non-seasonally adjusted data. These data consist of three components:

    •  trend which describes long-term or underlying movements within the data

    •  seasonal which describes regular variation around the trend, that is peaks and troughs within the time series, the most obvious in this case being the peak in December and the fall in January

    •  irregular or ‘noise’, for example deeper falls within the non-seasonally adjusted series due to harsh weather impacting on retail sales

    To ease interpretation of the underlying movements in the data, the seasonal adjustment process estimates and removes the seasonal component to leave a seasonally adjusted time series consisting of the trend and irregular components.

    In the non-seasonally adjusted RSI we see large rises in December each year and a fall in the following January, but these are not evident in the seasonally adjusted index. This peak in December is larger than the subsequent fall but the trend and irregular components in both months are likely to be similar, meaning that the movements in the unadjusted series are almost completely as a result of the seasonal pattern.

    3.  Calendar effects

    The calculation of the RSI has an adjustment to compensate for calendar effects that arise from the differences in the reporting periods. The reporting period for July 2014 was 6 July 2014 to 2 August 2014, compared with 30 June 2013 to 27 July 2013 the previous year. Table 7 shows the differences between the calendar and seasonally adjusted estimates.

    Table 7: Retail Sales, Calendar Effects

    Year-on-year percentage change
      Value Volume
    Calendar adjusted 1.7 2.4
    Seasonally adjusted 1.7 2.6

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  6. Quality

    1. Basic quality information

    • The standard reporting periods can change over time due to the movement of the calendar. Every five or six years the standard reporting periods are brought back into line by adding an extra week. For example, January is typically a four-week standard period but January 1986, 1991, 1996, 2002, 2008 and 2014 were all five-week standard periods. The non-seasonally adjusted estimates will still contain calendar effects. If the non-seasonally adjusted estimates are used for analysis this can lead to a distortion depending on the timing of the standard reporting period in relation to the calendar, previous reporting periods and how trading activity changes over time.

    • The non-seasonally adjusted series contain elements relating to the impact of the standard reporting period, moving seasonality and trading day activity. When making comparisons it is recommended that users focus on the seasonally adjusted estimates as these have the systematic calendar related component removed. Due to the volatility of the monthly data, it is recommended that growth rates are calculated using an average of the latest three months of the seasonally adjusted estimates.

    • When interpreting the data, consideration should be given to the relative weighted contributions of the sectors within the all retailing series. Based on SIC 2007 data, total retail sales consists of: predominantly food stores 41.5%, predominantly non-food stores 41.3%, non-store retailing 5.7% and automotive fuel 11.5%.

    2. Standard errors

    Standard errors of non-seasonally adjusted chained volume index movements have been developed for RSI to determine the spread of possible movements and a means of assessing the accuracy of the non-seasonally adjusted month-on-month and year-on-year estimates of all retail sales volumes.  The lower the standard error, the more confident one can be that the estimate is close to the true value for the retail population.

    • The standard error for year-on-year growth in all retail sales (non-seasonally adjusted) volumes is 0.9%. This means that the year-on-year growth rate for all retail sales volumes (non-seasonally adjusted) falls within the range 2.4 ± 1.8 percentage points with a probability of 95%.

    • The standard error for month-on-month growth in all retail sales (non-seasonally adjusted) volumes is 0.5%. This means that the month-on-month growth rate for all retail sales volumes (non-seasonally adjusted) falls within the range 1.4 ± 1.0 percentage points with a probability of 95%.

    The papers ‘Measuring the accuracy of the Retail Sales Index’ (1.04 Mb Pdf) , Winton, J and Ralph, J (2011) and ‘ Updated accuracy measures for the Retail Sales Index (29.6 Kb Pdf) ’ Sanderson, R (2013) report on the calculation of standard errors for month-on-month and year-on-year growth rates in the RSI as well as providing an overview of standard errors and how they can be interpreted.

    3. Summary quality report

    A Summary Quality Report (114 Kb Pdf) is available.

    This report describes, in detail the intended uses of the statistics presented in this publication, their general quality and the methods used to produce them.

    4. Revisions triangles

    Revisions to data provide one indication of the reliability of key indicators. The table below shows summary information on the size and direction of the revisions made to the volume data covering a five-year period. Note that changes in definition and classification mean that the revision analysis is not conceptually the same over time.

    Table 8: All Retailing, Volume Seasonally Adjusted, Revisions Triangles Summary Statistics, July 2014

    Volume Seasonally Adjusted

      Growth in latest period (%) Revisions between first publication and estimates twelve months later (percentage points)
    Average over the last five years (mean revision) Average over the last five years without regard to sign (average absolute revision)
    Latest three months compared with previous three months   0.3 -0.27 0.36
    Latest month compared with previous month   0.1 -0.13 0.40

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    A spreadsheet giving these estimates and the calculations behind the averages in the table is available on the ONS website.

  7. Publication Policy

    Details of the policy governing the release of new data are available from the Media Relations Office. Also available is a list of the organisations given pre-publication access to the contents of this bulletin.

    Accessing data

    The complete run of data in the tables of this statistical bulletin is available to view and download in electronic format using the ONS Time Series Data service. Users can download the complete bulletin in a choice of zipped formats, or view and download their own sections of individual series. The Time Series Data can be accessed.

    Alternatively, for low-cost tailored data call 0845 601 3034 or email info@ons.gsi.gov.uk

    Next publication: Thursday 18 September 2014

    Issued by: Office for National Statistics, Government Buildings, Cardiff Road, Newport NP10 8XG

    Media contact:
    Tel  Media Relations Office 0845 6041858
    Emergency on-call 07867 906553
    Email   media.relations@ons.gsi.gov.uk

    Statistical contact:
    Tel  Pete Lee 01633 455602
    Email  retail.sales.enquiries@ons.gsi.gov.uk

    Contact us:
    Tel   0845 601 3034

    Email info@ons.gsi.gov.uk
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  8. Details of the policy governing the release of new data are available by visiting www.statisticsauthority.gov.uk/assessment/code-of-practice/index.html or from the Media Relations Office email: media.relations@ons.gsi.gov.uk

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

Statistical contacts

Name Phone Department Email
Pete Lee +44 (0)1633 455602 ONS retail.sales.enquiries@ons.gsi.gov.uk
Get all the tables for this publication in the data section of this publication .
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