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Industry News

Published on August 20th, 2015 | by The GC Team

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Retail sales volumes record sustained growth in July

Estimates of the volume of retail goods sold in July increased 0.1% on last month and 4.2% on the same month last year, according to figures released today by the Office for National Statistics.

The ONS said this was the longest period of sustained year-on-year growth since May 2008, when there were 31 periods of growth.

Sales of household goods such as furniture and electrical appliances helped to offset declines in food, clothing and petrol.

Average store prices (including petrol stations) fell by 3.0% compared with July 2014, the 13th consecutive month of year-on-year price falls. All store types except textile, clothing and footwear reported decreases. Petrol stations again made the largest contribution, falling by 10.9%, the 23rd consecutive month of year-on-year declines.

The amount spent in retail increased by 1.0% year on year, but fell 0.2% on last month. The ONS said the average weekly spend was £7.1 billion.

Online sales value rose 13.0% on July 2014 but showed no growth on last month.

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