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Release: Retail Sales, May 2014

Released: 19 June 2014 (Latest) Next edition: 24 July 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 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.

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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