Wednesday, 25 April 2012

Retail Sales Increase In March

The value of high street retail sales increased in March by 5.7% compared with the same period last year. The volumes of sales also increased by 3.3%. The growth in volumes was driven mainly by non-retailing and predominantly fuel sales and other stores. Internet sales values increased by 15.2% on last March. Internet sales now account for 8.5% of all retail sales excluding fuel. Looking at the figures on a monthly basis sales volumes increased by 1.8% on February and sales values increased by 1.8%. The monthly increases were driven by sales of predominantly automotive fuel probably due to the threat of a fuel strike. The figures may also have been affected by stores running out of stocks and having to close until restocked.

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