Office of National Statistics figures confirm cautious retail recovery

In Industry News On
- Updated

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.”

You may also read!

Whirlpool UK named Large Manufacturer of the Year at the Sirius Awards

Whirlpool UK Appliances was named Large Manufacturer of the Year at the Sirius Buying Group’s 2022 conference. The company said

Read More...

4lite extends warranty promise

Leading lighting provider, 4lite, has announced the extension of its warranty period across the majority of its products. Almost all

Read More...

New eco-friendly 2-in-1 kettle from LAICA

Household appliances brand LAICA has launched Dual Flo, which it describes as being, a truly innovative and eco-friendly, 2-in-1

Read More...

Mobile Sliding Menu

©2021 Innovative Electrical Retailing. Datateam Business Media Limited. All rights reserved.
Registered in England No: 1771113. VAT No: 834 8567 90.
Registered Office: 15a London Road, Maidstone, Kent ME16 8LY
open