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Europe Economy: 
UK Retail Sales Rise 1% in February
Author: 123jump.com Staff
123jump.com
Last Update: 10:34 AM EDT March 20 2008



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Total sales volume increased by 1% between January and February. Sales volume for predominantly food stores increased by 1.6%, the largest increase for this sector since June 2006, 1.9%. Sales volume for predominantly non-food stores increased by 0.5%, with sales for household goods stores decreasing by 4.2%, the largest decrease for this sector since February 2000 -4.5 per cent.

 
The following is the unedited transcript of the news release from the UK National Statistics.


The sales volume in the three months December to February rose by 1.0 per cent compared with the previous three months. This follows 0.7 per cent growth in the three months to January.

Three-monthly growth in sales volume was 1.0 per cent for predominantly food stores, while sales in predominantly non-food stores rose by 0.2 per cent. Sales in the non-store retailing and repair sector rose by 7.3 per cent. Sales in non-specialised stores (which include department stores) fell by 3.6 per cent, the largest decrease in the series.

Total sales volume in the three months to February was 4.7 per cent higher than the same period a year ago. Sales for predominantly non-food stores rose by 5.3 per cent, while sales volume for predominantly food stores rose by 2.0 per cent, the largest growth for this sector since May 2007 (2.0 per cent). Sales volume for the non-store retailing and repair sector rose by 18.6 per cent, the largest growth in the series.

Total sales volume increased by 1.0 per cent between January and February. Sales volume for predominantly food stores increased by 1.6 per cent, the largest increase for this sector since June 2006 (1.9 per cent). Sales volume for predominantly non-food stores increased by 0.5 per cent, with sales for household goods stores decreasing by 4.2 per cent, the largest decrease for this sector since February 2000 (-4.5 per cent).

The non-seasonally adjusted value of retail sales for the three months to February was 2.6 per cent higher than in the same period a year earlier. The average weekly value of sales in February was £4.9 billion, 6.6 per cent higher than in February 2007. Sales by predominantly food stores rose by 7.6 per cent over the year, the largest rise for this sector since January 2002 (7.8 per cent). This compares with 4.8 per cent growth for predominantly non-food stores and 13.4 per cent growth for the non-store retailing and repair sector. Sales by other non-food stores rose by 11.6 per cent, the largest rise for this sector since April 2002 (11.6 per cent).


Available at:

http://www.statistics.gov.uk/cci/nugget.asp?id=256
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