Retail sales show signs of stalling

retail sales
(Picture credit chrisdorney / Shutterstock.com)

The latest retail sales figures from the Office for National Statistics show that in the three months to October 2019, the quantity bought in retail sales saw the slowest growth since April 2018. Anna Tobin reports

Published today, the Office for National Statistics’s first estimate of retail sales in volume and value terms, seasonally and non-seasonally adjusted for the three months to October 2019, reveals that during this period, sales increased by 0.2% when compared with the previous quarter; this is the lowest growth in sales since April 2018. The chief sector to see growth was food; food stores saw 0.8% growth in the three-month on three-month period.

The quantities bought in October 2019 fell by 0.1% when compared with September 2019, fuel and department stores were the only sectors reporting growth. There are more positives when it comes to year-on-year growth, where the quantity increased by 3.1% in October 2019, with growth across all sectors except household goods stores. While online sales as a proportion of all retailing increased to 19.2% in October 2019, up from 19% in September 2019.

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