Retail sales

ONS reveals growth for retail sales in August

The Office for National Statistics has issued its report of retail sales in Great Britain for August.

In August 2017, the quantity bought (volume) in the retail sales industry increased by one per cent exactly, compared with July 2017; with other non-food stores and non-store retailing attributed as the main contributors to growth.

Compared with August 2016, the quantity bought increased by 2.4 per cent. The rise meant the 52nd consecutive month of year-on-year increase in retail sales.

The report also noted “Year-on-year contribution of food stores remains flat whilst there was a fall in the contribution of growth within petrol stations, showing that contributions to the overall growth came from non-essential items.

“The underlying pattern in the retail industry is one of growth, three-months on three-months the quantity bought has increased by 1.2 per cent. Store prices increased across all store types on the year, with non-food stores and non-store retailing recording their highest year-on-year price growth since March 1992, at 3.2 per cent and 3.3 per cent respectively.”