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Retail sales: Key Economic Indicators

Published Friday, January 19, 2018

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

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The total annual retail sales value for 2016 was £406 billion.

Retail sales

In December 2017, the quantity bought (volume) in retail sales decreased by 1.5% compared with November. This is due to a recent trend for consumers bringing their Christmas purchases forward into November to take advantage of ‘Black Friday’ and similar offers.

Compared to the same period a year ago, the value of retail sales was up 4.1% in the three months to December 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 1.0% in the three months to December 2017 compared to the same period a year ago.

Internet sales

The average weekly value of internet sales in Great Britain was £8.9 billion in November 2017, 18% of all retail sales

Online sales increased year-on-year by 9.4%. Most internet spending is stores without a physical presence.

Sales by sector

The value of sales in food stores in the three months to December 2017 was up 2.9% on the year.

The value of sales in non-food stores was up 3.1% on last year.

Commons Briefing papers SN02818

Author: Chris Rhodes

Topics: Economic situation, Service industries

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