Telephone: +44 (0) 1633 455602
Frequency of release: Monthly
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 May 2014. The quantity bought increased by 3.9% compared with May 2013. Month-on-month the quantity bought fell by 0.5% compared with April 2014.
The three-month on previous three-month movement in the quantity bought showed continued growth for the fifteenth consecutive month, increasing by 1.3%. This is the longest period of sustained growth since November 2007.
Average prices of goods sold in May 2014 showed continued deflation of 0.7%, fuel once again providing the largest contribution, falling by 2.2%. Food stores were the only sector to show an increase (0.4%) however this series continues to fall and is now at its lowest level since March 2006 (0.3%). These data are consistent with the consumer prices index (CPI), which was published on 17 May 2014.
In May 2014, the amount spent in the retail industry increased by 3.2% compared with May 2013. However, on the month the amount spent decreased by 0.5% compared with April 2014. Non-seasonally adjusted data show that the average weekly spend in the retail industry in May 2014 was £7.0 billion compared with £6.8 billion in May 2013 and £7.0 billion in April 2014.
The amount spent online increased by 15.1% in May 2014 compared with May 2013 and by 1.5% compared with April 2014.
Revisions are due to late data and the introduction of a new imputation method. More information on this change can be found in the background notes.
These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.