Thursday, 17 September 2009

Mixed Fortunes Across Retail In August

The value and the volume of retail sales increased in August, the value by 1.6% and the volume by 2.1%. Value and volume also both increased in the quarter to August at 2.2% and 2.7% respectively.

The classifications that contributed most to the increase in value included food which was 5.5% higher than last year, and non-store retailing and repair at 10.7% higher than a year ago. Predominantly non-food stores fell by 2.8%. Within the non-food sector household goods stores fell by 3.7% and textile, clothing and footwear stores fell by 3.2%.

In terms of volume the main contributors to the 2.1% rise were food stores at 3.3%, the non-store retailing and repair sector was 12.4% higher than last year.

Prices were estimated to be 0.4% lower than August last year. The household good stores price deflator was 0.5% up on the year and positive for the first time since February 1988. The value of Internet sales was £173.6 million or 3.3% of all retail sales.

Of the businesses that responded to the ONS survey 785 were large businesses and 714 were small and medium businesses. A majority in both sectors, 465/320 and 404/310, reported an increase in retail sales over the year covered by the survey.

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