Office of National Statistics figures confirm cautious retail recovery

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Today the Office for National Statistics (ONS) released official figures that confirmed positive sales growth detailed in the BRC-KPMG Retail Sales Monitor earlier this month.

The total value of sales growth reported by the ONS (not seasonally adjusted) was 4.0% in June compared with 3.7% in June 2012. In May the growth rate was 3.9%. The BRC’s own figures, released on 9 July, showed total growth of 2.9%. 

British Retail Consortium Director General, Helen Dickinson, said of the latest statistics: “This offers further evidence that tentative signs of a consumer-led recovery are beginning to take hold. Although there are wide variations in individual retailers’ fortunes and on-going volatility from week to week, it’s good news that the ONS figures confirm cautious optimism as they reflect the results of the BRC’s Retail Sales Monitor earlier in July.

“Promotional activity has been strong and customers can find some great deals in the shops at the moment. As the good weather continues across the country, retailers will be hopeful that customers continue to take advantage of the offers that are available.”

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