IDS

The ONS Office for National Statistics released data for UK retail sales October 2020.

The ONS reported that there an increase of 5.8% year-on-year growth(YoY) rate for UK retails sales and that “the feedback from a range of businesses suggesting that consumers had started Christmas shopping earlier this year”.

The data is an estimate of retail sales in volume and value terms, seasonally and non-seasonally adjusted in Great Britain for October 2020.

UK Retail Sales Volumes Increased

Compared to last month, September, retail sales volumes increased by 1.2% which made it the sixth consecutive month of growth for the Retail Industry.

The ONS further reported the “total retail sales values (excluding fuel) increased by 7.9% when compared with February which was driven by a strong increase in sales online at 52.8% in comparison to reduced store sales at negative 3.3%” and that “growth in the volume of sales for non-store retailing at 6.4%, household goods stores at 3.2% and department stores at 3.1%”.

UK-growth-for-online-value-sales-when-compared-with-February-s-pre-pandemic-level-in-contrast-to-the-little-or-negative-growth-seen-within-stores

Source: ONS