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Release: Retail Sales, June 2014

Released: 24 July 2014 Next edition: 21 August 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

Correction

A labelling error has been discovered in figure 1 of the retail sales release for June 2014 published 24 July 2014.

The labelling of the value and volume series were reversed. These labels have now been corrected.

No data series are affected.

ONS apologises for any inconvenience caused.

24 July 2014.  12:15

Key points

The key points from this release are:
  • In June 2014, the quantity bought in the retail industry increased by 3.6% compared with June 2013 and by 0.1% compared with May 2014.  The quantity bought also increased in Q2 2014 compared with Q2 2013, by 4.5%.

  • In June 2014, all retail sectors showed estimated increases in the quantity bought year-on-year. The last time this was seen was in March 2012.

  • The three-month on previous three-month movement in the quantity bought showed continued growth for the sixteenth consecutive period increasing by 1.6%.  This is the highest calendar quarter since March 2004 (1.9%) and has been the longest period of sustained growth since November 2007.

  • Following a four month period of disinflation, the average prices of goods sold in June 2014 showed no change compared with June 2013 after a fall of 0.7% in May 2014. Consistent with the consumer prices index (CPI), released 15 July 2014, the price of textile, clothing and footwear stores provided the greatest source of upwards pressure increasing by 2.0% year-on-year, the largest increase since July 2013 (2.5%).

  • In June 2014, the amount spent in the retail industry increased by 3.5% compared with June 2013 and by 0.8% compared with May 2014.  Non-seasonally adjusted data show that the average weekly spend in the retail industry in June 2014 was £7.1 billion compared with £6.8 billion in June 2013 and £6.9 billion in May 2014.

  • The amount spent online increased by 13.4% in June 2014 compared with June 2013 and decreased by 0.1% compared with May 2014.  Month-on-month this is the first time since January 2014 we have seen a decrease (2.1%).

  • Revisions to the time series are below average in this release and 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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