UK retail sales volumes fall by 0.1% in Jun following 0.8% drop in May

0
34




UK retail sales volumes fell by 0.1 per cent in June this year following a drop of 0.8 per cent in May (revised from a fall of 0.5 per cent), according to the Office of National Statistics (ONS). Sales volumes were 2.2 per cent above their pre-pandemic February 2020 levels, but down over the past year. Retail sales values rose by 1.3 per cent in June following a rise of 0.6 per cent in May.

Non-store retailing (predominantly online retailers) sales volumes fell by 3.7 per cent in June and were 20.8 per cent above their February 2020 levels.

UK retail sales volumes fell by 0.1 per cent in June this year following a drop of 0.8 per cent in May, according to the Office of National Statistics (ONS). Sales volumes were 2.2 per cent above their pre-pandemic February 2020 levels, but down over the past year. Retail sales values rose by 1.3 per cent in June following a rise of 0.6 per cent in May.

Non-food stores sales volumes fell by 0.7 per cent over the month because of falls in clothing stores (minus 4.7 per cent) and household goods stores (minus 3.7 per cent), such as furniture stores.

The proportion of retail sales online fell to 25.3 per cent in June, its lowest proportion since March 2020 (22.8 per cent), continuing a broad downward trend since its peak in February 2021 (37.4 per cent).

Compared with the same period a year earlier, retail sales volumes fell by 5.5% in the three months to June 2022, while sales values rose by 4.4 per cent, reflecting an annual implied deflator (or implied growth in prices) of 9.9 per cent.

Fibre2Fashion News Desk (DS)





Source link