Retail sales rose by 1.2 per cent in September according to the Retail Economics Retail Sales Index (value, non-seasonally adjusted and excluding fuel). The three month rolling average, which provides a more accurate underlying trend, showed sales rose by 1.6 per cent - ahead of the 12-month average of 1.1 per cent.Overall growth was dragged down by the continued poor performance of Clothing which saw sales decline by 3.6 per cent over the period. The second hottest September since 1910 hindered demand for autumn/winter ranges. Meanwhile, broader structural trends saw non-retail components of consumer spending, such as Recreation and Culture and Hotels, Bars and Restaurants, continue to outpace the retail components. Visa reported growth in Recreation and Culture of 6.8 per cent in September which, to an extent, is coming at the expense of Clothing retailers.We remain cautious on the outlook for the retail industry as rising inflation, a softer labour market and weaker wage growth is expected to erode household spending power next year.
UK Retail Sales Report
Retail Economics reports a range of retail sales indices on a monthly basis. Subscribers have access to all data (analytical reports and interactive data) and category breakdowns including online retail sales, clothing and footwear, household goods, food, DIY and gardening, consumer electricals and more.
UK Retail Sales - October 2016
The UK Retail Sales report includes:
|Summary and economic overview|
|Sales growth by category (year-on-year)|
|Online sales growth (year-on-year)|
|Sales spend by region|
|Total spend by sector|
|Average weekly spend (£m)|
|Footfall by channel|
|Summary of external retail sales sources including Office for National Statistics, British Retail Consortium, CBI, BDO, John Lewis, Visa and more|
Download previous editions
Subscribers can download previous editions of this report via the links below.