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Retail sales grow in value and volume

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Seasonally-adjusted retail sales grew in value and volume in May, compared to the same month in 2009.

Office for National Statistics (ONS) data shows that the volume of retail sales during the month grew by 2.2 per cent year-on-year, while values increased by 4.4 per cent.

Many retailers will have benefited from the better weather conditions in the UK in recent weeks, while the lead-up to the World Cup will also have helped boost business’ trading activity.

When the data is broken down, the monthly sales values for predominantly food stores were 0.5 per cent lower than the same month one year before, but predominantly non-food stores experienced a 5.4 per cent hike in value.

Non-specialist stores recorded significantly higher sales values than in May 2009.

Meanwhile the rise of internet retail was once again evident, with the ONS indicating that the non-store retail sector grew by 11.8 per cent over the course of the 12 months.

The ONS recently revealed that UK inflation dropped in May, with the Consumer Prices Index measure falling from 3.7 per cent to 3.4 per cent. The retail price index, which includes the cost of housing, showed that inflation was down to 5.1 per cent.

Published on Wednesday 09 June by Editorial Assistant
Tags: ONS ONS

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