Thursday, October 20, 2011
Retail sales in surprise bounce
Posted by David Smith at 10:15 AM
Category: Thoughts and responses

Retail sales rose by 0.6% (volume) and 0.8% (value) in September, stronger than expected. The value of sales in September was 5.4% up in September 2010. The volume of sales was up by 0.6% on September 2010, showing the impact on sales volumes of high inflation.

Interesting detail in the release includes the following: Non-store retailing and automotive fuel both saw sales volumes increase compared to September 2010 by 15.5% and 2.8% respectively. Textile, clothing and footwear sales volumes fell 2.1% compared to September 2010, the largest fall since April 2008.

Despite the bounce in September, sales volumes in the latest three months were down by 0.2% on the previous three months. More here.