22 May

UK RETAIL SALES SURPRISE WITH FASTEST YEAR ON YEAR GROWTH SINCE 2004

  • In April 2014, the quantity bought in the retail industry increased by 6.9% compared with April 2013 and by 1.3% compared with March 2014. 
  • This was the highest year-on-year growth in the quantity bought since May 2004 and continued a pattern of year-on-year growth since early 2013.
  • The underlying pattern, quantity bought increasing by 1.8%.  This was the highest since March 2004 and was the 14th consecutive month of three month-on-three month growth in the quantity bought.  
  • With the exception of petrol stations, all stores saw year-on-year increases in sales volumes.  
  • The food sector posted its strongest year-on-year growth since January 2002, increasing by 6.3
  • Following a weak March, the amount spent online increased by 13.3% in April 2014 compared with April 2013 and by 2.6% compared with March 2014. 
  • In April 2014, the amount spent in the retail industry increased by 6.2% compared with April 2013 and by 0.6% compared with March 2014.  
  • Non-seasonally adjusted data show that the average weekly spend in the retail industry in April 2014 was £7.0 billion compared with £6.5 billion in April 2013 and £6.8 billion in March 2014.
Posted in General by jcramond@britishchamber.com
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