retail sales growth

UK retail sales growth rate has slowed in June 2012, on an annual basis, according to the data released by Office of National Statistics (ONS).

Retail sales value increased 1.9% year-on-year in June, after recording an annual growth of 3.3% in May 2012.

On an annual basis, the volumes of sales were up 1.6% in June, lower than the 2.4% increase seen in the previous month.

In the five week period of June 2012, the total non-seasonally adjusted value of spending in the retail sector was estimated to be £32.7bn.

Internet average weekly sales values, on non-seasonally adjusted basis, grew 14.3% to £493.3m in June, when compared to the corresponding month a year ago.

The proportion of retail sales made via Internet in the month is estimated to have been 8.5% of all retail sales, excluding automotive fuel.

Year-on-year, food stores sales volumes fell 0.7% in June after rising 1% in May, while food stores sales value grew 1.5% in the month, after a 4.1% gain in May.

Non-food stores sales volumes in June advanced 4.1% from the same month last year, while sales value moved up 3.7%.

In the reporting month, non-specialised stores sector recorded a 9.8% increase in sales volumes and 8.6% gain in sales value, which is highest since January 2011.

On an annual basis, textile, clothing and footwear stores sales volumes were up by 2.4% in June, while sales values rose 2.2%.

Household goods stores sales volumes moved up 1.6% year-on-year in June, while sales value increased 1.8% in the same month.

Other stores sales volumes advanced 4.2% in the reporting month, while sales value rose 3.4% from a year-ago month.

Non-store retailing sales volumes soared 8.5% and sales values climbed 7.4% in June, compared to the corresponding month a year earlier.

Year-on-year, automotive fuel stores sales volumes fell 4.6% in June and sales values decreased 5.2% from the previous year’s same month.

Month-on-month, retail sales volume rose 0.1% in June, after a 1.4% rise in May, while sales values decreased 0.5% in the month, after a 1% gain in May.

Image: Textile, clothing and footwear stores sales volumes rose 2.4% in June from a year ago. Photo: