GB: retail sales September 2014

The quantity bought in the retail industry in September 2014 was estimated to have decreased by 0.3% compared with August 2014. However, it increased by 2.7% compared with September 2013 making this the 18th consecutive month of year-on-year growth.

This is the longest period of sustained year-on-year growth since May 2008, when there were 31 periods of growth.

The underlying pattern continues to show growth with the rolling three-month on three-month growth rate increasing by 0.3%. However, this was the slowest growth seen in this measure throughout 2014.

Textile, clothing and footwear sales provided the greatest source of down wards pressure, decreasing by 7.8% compared with August 2014, and by 4.1% compared with September 2013. Feedback from retailers suggested the fall was a result of unseasonably warm weather meaning consumers have delayed purchases of autumn and winter clothing.

In September 2014, the amount spent in the retail industry decreased by 0.6% compared with August 2014. However, it increased by 1.3% compared with September 2013. Non-seasonally adjusted data show that the average weekly spend in the retail industry in September 2014 was £6.9 billion compared with £6.8 billion in September 2013 and £6.9 billion in August 2014.

Average store prices (including petrol stations) fell by 1.4% in September 2014 compared with September 2013. This was the largest fall since July 2009. The largest contribution to this fall came from petrol stations, down by 5.4%. Prices at food stores fell by 0.3%, the largest fall since
December 2004 when it also fell by 0.3%.

The proportion of online sales were unchanged in September 2014 compared with August 2014 at 11.4%. Online sales increased by 10.1% compared with September 2013.

Revisions to this period were primarily caused by re-referencing the indices to 2011 =100 to align with the National Accounts estimates. There were also revisions where late data was incorporated.

Get Our E-Newsletter - breaking news to your in-box twice a week
Will be used in accordance with our Privacy Policy

About The Author