Thursday, September 15, 2011
Retail sales slip
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

Retail sales volumes slipped by 0.2% in August and were flat on a year earlier. Slightly better than expected - the riot effect is hard to gauge according to the Office for National Statistics. It says:

"Concentrating on sales volumes between August 2010 and August 2011, the greatest upward pressure to the all retailing figure came from non-store retailing which increased by 13.7 per cent and provides 0.6 percentage points. Predominantly automotive fuel also increased by 1.6 per cent and provides 0.1 percentage points.

"Downward pressure came from predominantly non-food stores which decreased by 1.2 per cent and provides 0.4 percentage points, driven by decreases in the household goods stores which decreased by 4.1 per cent and other stores which decreased by 2.9 per cent. Predominantly food stores also decreased by 0.8 per cent and provides 0.3 percentage points."

Surprising to see petrol and diesel volumes up. More here.