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Retail sales: Key Economic Indicators

Published Thursday, December 20, 2018

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

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In October 2018, retail sales in the UK totalled £8.5 billion per week. This is considerably higher than the figure for October (£7.4 billion), reflecting the recent consumer trend for Christmas shopping during November, particularly around “Black Friday”. This figure includes money spent in shops, supermarkets, in petrol stations and online.

In the three months to November 2018, the quantity (volume) of retail sales increased by 0.4% compared with the previous three months (this figure does not include the effect of inflation). Over the year, the volume of retail sales increased by 3.1%.

Retail sales

Internet sales

The average weekly value of internet sales in Great Britain was £1.9 billion in November 2018, the highest ever. This was 21.5% of all retail sales, the first time internet retailing has exceeded 20% of retail sales.

Online sales increased year-on-year by 13%, driven by growth in online sales of clothing and household goods, both up 21% on the year.

Sales by sector

The volume of sales in food stores in the three months to November 2018 was up 1.5% on the same period last year.

The value of sales in non-food stores was up 4.1% on last year.

Commons Briefing papers SN02818

Author: Chris Rhodes

Topics: Economic situation, Service industries

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