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Retail sales: Key Economic Indicators

Published Thursday, November 16, 2017

Retail sales: key indicators on the value of retail sales.

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The total annual retail sales value for 2016 was £388 billion.

In October 2017, the quantity bought (volume) in retail sales increased by 0.3% compared with the previous month.

Compared to the same period a year ago, the value of retail sales was up 4.3% in the three months to October 2017.

However, most of the rise was the result of inflation. The quantity bought (volume) in the retail industry was estimated to have increased by only 1.1% in the three months to October 2017 compared to the same period a year ago.

Internet sales

The average weekly value of internet sales in Great Britain was £1.2 billion in October 2017.

Online sales increased year-on-year by 10.7% and by 0.7% on the month, accounting for approximately 17.0% of all retail spending.

Sales by sector

The value of sales in food stores in the three months to October 2017 was up 1.8% on the same period last year.

The value of sales in non-food stores was up 3.9% on last year.

Commons Briefing papers SN02818

Author: Chris Rhodes

Topics: Economic situation, Service industries

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