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17/12/2004
Retail sales recover from late summer blues
The latest results for the Retail Sales Index indicate that underlying retail sales growth has partially recovered from a marked slowdown in late summer.
The seasonal impact in November from Christmas shopping is in line with that of recent years with the unadjusted sales value picking up to reach £21.1bn.
The volume of retail sales in the three months September to November was 1.3% higher than in the previous three months.
This follows growth of 1.2% in the three months to October. Three-monthly growth for non-food stores was 1.5%, compared to 1.0% for food stores. Among non-food stores, growth was strongest for clothing and footwear, at 2.6%
Annual comparisons show that sales volumes in the three months to November were 6.4% higher than in the same period in 2003.
Sectors showing strongest growth over the year were clothing stores, other non-food stores and non-store retailing.
Retail sales for predominantly food stores were 4.4% higher than the same period a year earlier - the highest such increase since December 2002.
Retail sales volume in November was 0.6% higher than in October and 6.1% higher than in November 2003. This follows a 0.5% decrease last month and a 1.1% increase in September.
There was an increase on the month for all sectors apart from other non-food stores where a number of large toy shops and sports shops reported lower sales than in November last year.
The unadjusted value of retail sales in November totalled £21.1bn and average weekly sales were £5.3bn, 4.2% higher than a year ago.
Annual growth in sales value for food stores was higher than that for non-food stores for the first time since December 2003, at 4.4% compared to 4.0%.
Annual growth in the value of sales for the non-store sector was 4.6% in November. This mainly reflects strong growth for internet retailers, although this was partially offset by a fall in sales over the year for catalogue-based retailers.
(SP)
The seasonal impact in November from Christmas shopping is in line with that of recent years with the unadjusted sales value picking up to reach £21.1bn.
The volume of retail sales in the three months September to November was 1.3% higher than in the previous three months.
This follows growth of 1.2% in the three months to October. Three-monthly growth for non-food stores was 1.5%, compared to 1.0% for food stores. Among non-food stores, growth was strongest for clothing and footwear, at 2.6%
Annual comparisons show that sales volumes in the three months to November were 6.4% higher than in the same period in 2003.
Sectors showing strongest growth over the year were clothing stores, other non-food stores and non-store retailing.
Retail sales for predominantly food stores were 4.4% higher than the same period a year earlier - the highest such increase since December 2002.
Retail sales volume in November was 0.6% higher than in October and 6.1% higher than in November 2003. This follows a 0.5% decrease last month and a 1.1% increase in September.
There was an increase on the month for all sectors apart from other non-food stores where a number of large toy shops and sports shops reported lower sales than in November last year.
The unadjusted value of retail sales in November totalled £21.1bn and average weekly sales were £5.3bn, 4.2% higher than a year ago.
Annual growth in sales value for food stores was higher than that for non-food stores for the first time since December 2003, at 4.4% compared to 4.0%.
Annual growth in the value of sales for the non-store sector was 4.6% in November. This mainly reflects strong growth for internet retailers, although this was partially offset by a fall in sales over the year for catalogue-based retailers.
(SP)
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Strong retail sales growth stokes interest rate hike
The strong surge in retail sales revealed in the latest figures from the Office of National Statistics (ONS) has fuelled speculation that another interest rate rise is imminent. According to the ONS figures retail sales in the UK leapt 0.6% in January, raising sales to 6.4% above that of the previous year.
Strong retail sales growth stokes interest rate hike
The strong surge in retail sales revealed in the latest figures from the Office of National Statistics (ONS) has fuelled speculation that another interest rate rise is imminent. According to the ONS figures retail sales in the UK leapt 0.6% in January, raising sales to 6.4% above that of the previous year.
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