Economic Data

Retail Sales – January 2012

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Total retail sales rose by 2.1% in January according to the latest figures from the British Retail Consortium. On a like-for-like basis sales fell by 0.3%. On both measures it was the second-worst January, after January 2010, since

Online Retailing 2012

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Internet users grew to 82% of the UK adult population in the final quarter of 2011, equivalent to 41.5 million users, according to the Retail Economics Online Retailing 2012 Report*.  In addition, the number of mobile internet users increased to 19.7 million, or 39% of adults, from 35% in the first

Outlook for Retail Inflation 2012

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As the members of the Monetary Policy Committee (MPC) make the first interest rate decision of 2012 on Thursday, they will no doubt celebrate the one year anniversary of VAT’s increase to 20%. They will look forward to a year of lower inflation, and if the Bank’s November Inflation

Retail Inflation – December 2011

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Shop price inflation fell to 1.7% in December from 2.0% in November, its lowest level in 16 months according to the BRC-Nielsen Shop Price Index. The overall fall was driven by non-food inflation which fell to 0.3% while food inflation rose to 4.2% from 4.0% in the previous

Retail Sales – December 2011

Total retail sales grew by 4.1% in December according to the latest figures from the British Retail Consortium (BRC).  Growth beat expectations and excluding Easter distortions was the strongest seen this year.  The figures were boosted by some one-off factors such as the severe snow disruptions of last

Internet Retailing – Christmas 2011

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As the holiday season grinds to a halt and retailers report crucial sales figures, internet sales will rightfully attract the attention of businesses and analysts alike. Indeed, figures in the run up to Christmas suggest that internet retailing should have seen another record year.  The Office for

Retail Sales – November 2011

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Official data from the Office for National Statistics revealed a fall in retail sales in the run-up to Christmas.  Sales volumes in November fell by 0.4% compared with the previous month, while annual growth of 0.7% was recorded over the year.  Sales values (non-seasonally adjusted and

Which is the best measure of retail sales?

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Retail sales act as a vital bell weather to measure the economic vitality of our economy and so their measurement is of great importance. It would be easy to assume that collecting data on retail sales is uncomplicated but it is not an easy industry to distil in statistical terms.  There

Retail Inflation – November 2011

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Shop price inflation fell to a 12-month low of 2.0 per cent in November according to the latest data from Nielsen and the British Retail Consortium.  The overall rate was driven lower by the second consecutive month of falling food inflation while non-food inflation

Retail Sales – October 2011

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The Office for National Statistics (ONS) reported that retail sales volumes (excluding petrol) rose by 0.6% from September, much stronger than many economists had predicted.  The ONS claimed that small retail stores appeared to have been the beneficiaries of the