Published on September 19th, 2013 | by The GC Team0
ONS reports month-on-month slowdown in August retail sales
UK retail sales volumes fell 0.9% in August after a strong rise of 1.1% in July but volumes were still 2.1% higher than last year, the Office for National Statistics said today.
The main source of downward pressure came from the food sector (-2.7%), where feedback suggested that sales were back to a more normal level for this time of year following a 2.7% rise in July, which was attributed to the hot weather.
Non-store retailing, which includes retail businesses selling predominantly online, through mail order or via stalls and markets, saw the most growth.
The value of sales in August increased by 3.6% compared with August 2012, while the prices of goods sold rose 1.6%. In July this year, the annual price increase was 1.8%.