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18/11/2004
Figures show slide in retail sales growth
Underlying retail sales growth is distinctly lower than in the first half of this year, according to figures published today by the Office for National Statistics (ONS).
The latest retail sales survey for October 2004 found that the volume of sales in the three months August to October was 1.2% higher than in the previous three months and follows growth of 1.1% in the three months to September. By comparison, the equivalent three-monthly growth rates for the first half of the year averaged 1.8% and did not fall below 1.7%.
Over the three months to October 2004, sales in food stores grew by 0.9% compared to 1.6% growth for non-food stores.
The unadjusted value of retail sales in October totalled £19.1 billion and average weekly sales were £4.8 billion. This was 4.3% higher than a year ago and represents the lowest annual growth since December 2003.
Annual comparisons show that sales volumes in the three months to October were 6.6% higher than in the same period in 2003. Sectors showing strongest growth over the year were clothing stores, other non-food stores and non-store retailing and repair.
Analysis of monthly figures shows that the total sales volume decreased by 0.4% between September and October. Last month, there was also a decrease on the month for all sectors apart from clothing stores.
Retailers reported some positive impact in October of early Christmas shopping. The overall increase in the unadjusted sales value from September to October was, however, slightly smaller than in the previous two years.
(gmcg/sp)
The latest retail sales survey for October 2004 found that the volume of sales in the three months August to October was 1.2% higher than in the previous three months and follows growth of 1.1% in the three months to September. By comparison, the equivalent three-monthly growth rates for the first half of the year averaged 1.8% and did not fall below 1.7%.
Over the three months to October 2004, sales in food stores grew by 0.9% compared to 1.6% growth for non-food stores.
The unadjusted value of retail sales in October totalled £19.1 billion and average weekly sales were £4.8 billion. This was 4.3% higher than a year ago and represents the lowest annual growth since December 2003.
Annual comparisons show that sales volumes in the three months to October were 6.6% higher than in the same period in 2003. Sectors showing strongest growth over the year were clothing stores, other non-food stores and non-store retailing and repair.
Analysis of monthly figures shows that the total sales volume decreased by 0.4% between September and October. Last month, there was also a decrease on the month for all sectors apart from clothing stores.
Retailers reported some positive impact in October of early Christmas shopping. The overall increase in the unadjusted sales value from September to October was, however, slightly smaller than in the previous two years.
(gmcg/sp)
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