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10/04/2014

Retail sales increase by 3.7% year-on-year

According to the Office for National Statistics (ONS), retail sales have increased by 3.7% from February 2013 to February 2014. It was reported that sales over the last 3 months were 1.6% higher than the previous months.

The latest ONS data also shows that:

  • Spending in the retail industry in February has increased 3.5% year-on-year
  • Spending increased 1.3 per cent from January to February 2014
  • The average weekly retail spend in February 2014 was £6.6 billion, up £200 million on the previous month
  • Online sales increased 12.4% in February 2014 comparative with February 2013.

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