Thursday, 18 June 2009

Retail Sales Fall Again

The value of retail sales fell by 1.1% in May 2009 compared with May 2008. The volume of retail sales in May 2009 fell by 1.6% compared with May 2008 according to the latest ONS statistics. They warn that it is important to note that the value and volume of sales for May 2008 were unusually large.

In food stores the value was 3.9% higher than last year and the volume 1.3% lower. Non-food stores values were 6.2% lower and volumes 3% lower than last year. Against the trend, in non-food stores, non-specialised stores increased their volumes by 3%. Another sector to increase both value and volume was the non-retailing and repair sector which increased 6.6% in value and 9.8% in volume. Prices were estimated to be 0.7% higher than the same time last year. The average weekly value of Internet sales was £117.3 million or 3.3% of total sales.

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