Official statistics show slight rise in retail sales in June
Overall retail sales in June 2011 rose 0.3 per cent compared to May this year, meaning consumers spent 0.3 per cent more in the retail sector in June than they did in May, according to figures from the Office for National Statistics (ONS).
This includes price movements, which ONS estimates saw the price of goods in the retail sector decrease by 0.7 per cent between May and June. Removing this price deflation, ONS said sales volumes increased 0.7 per cent over the period.
Year-on-year in June, ONS reports that the value of retail sales was up four per cent but price movements, down 3.7 per cent over the 12 months, means retail sales volumes increased by only 0.4 per cent in June 2011.
“We’re shopping more than we were a year earlier but because of price changes we’re spending even more on the goods we purchase,” ONS said.
Approximately £32.1bn was spent on retail goods during June 2011, up from £30.9bn in the same month last year. Some 43p of every £1 is spent in non-non-food retail environments, it said.