UK June retail sales volumes rise 0.2% from May, 2.2% year-over-year, driven by non-store retailers, department stores; Q2 growth up 0.9% over Q1: Office for National Statistics
July 18, 2013
Estimates of retail sales for June show continued growth in the quantity bought (or sales volumes) in the retail sector and an underlying pattern of moderate growth. Comparing quarter 2 with quarter 1 in 2013, the quantity bought increased by 0.9%.
On an annual basis (June 2013 compared with June 2012) the quantity bought in the retail sector increased by 2.2%. The main sources of upward pressure came from the non-store retailing sector and non-specialised stores (or department stores). Feedback from department stores suggested sales had increased due to promotions and consumers buying clearance items across a wide range of products.
Looking at the monthly picture (June 2013 compared with May 2013) the quantity bought increased by 0.2%. Again, there was strong growth in sales in department stores with a rise of 3.0%. This is the highest rise since March 2012.
In June 2013, the prices of goods sold in the retail sector rose from 1.0% to 1.7% compared with June 2012. This was due to increases in the prices of goods sold in the textile, clothing and footwear sector and the food sector. This is consistent with the latest Consumer Prices Index (CPI) release for June 2013.
In June 2013, the estimated weekly spend across all retailing averaged £6.9 billion, up from £6.8 billion in May 2013 and £6.6 billion in June 2012.