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Industry News Health of UK retail steadies in quarter two, says Retail Think Tank

Published on July 24th, 2014 | by The GC Team

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UK retail sales record sustained growth

The Office for National Statistics today reported that UK retail volumes rose 3.6% year on year in June and 0.1% on May 2014, with all retail sectors showing estimated increases for the first time since March 2012.

Volume sales in the second quarter of the year grew 4.5% on Q2 2013.

The ONS said the 3-month on previous 3-month movement showed continued growth for the sixteenth consecutive period, increasing by 1.6%. This is the highest calendar quarter since March 2004 (1.9%) and the longest period of sustained growth since November 2007.

The average prices of goods sold in June showed no change compared with June 2013, after a fall of 0.7% in May 2014.

Retail spending increased 3.5% year on year and 0.8% on May 2014. Non-seasonally adjusted data showed that the average weekly spend was £7.1 billion compared with £6.8 billion in June 2013 and £6.9 billion in May 2014.

Online sales grew by 13.4% year on year, but declined 0.1% on May.

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