|Retail Sales Patterns affected by snow & VAT|
UK retail sales volume grew by 1.9% in January
compared with December and 5.3% compared with January 2010.
However, the Office for National Statistics said
today that the monthly pattern of retail sales has been affected by the
extremely bad weather in both January 2010 and December 2010, and changes to the
VAT rate in both years (VAT increased from 15% to 17.5% on January 01 2010 and
from 17.5% to 20% on January 01 2011).
The month on month growth of 1.9% in January followed a decline in retail sales
volume of 1.4% in December. The ONS said the underlying picture may therefore be
better considered by noting that in the two months taken together, sales
increased by 0.5%.
Year on year, the volume of retail sales in January 2011 was 5.3% higher than in
January 2010. Predominantly food stores decreased by 2.3%, the 12th consecutive
fall. Predominantly non-food stores increased by 9.5% with rises across all
sectors in this area. Other stores saw the largest rise at 15.8%, driven by
computers and telecommunications equipment and sporting goods and toys, followed
by non-specialised stores at 10.7%. Non-store retailing increased by 22.1%, a
record in this series and automotive fuel increased by 6.0%.
Between December 2010 and January 2011 total sales volume increased by 1.9%.
Predominantly food stores increased by 0.3% while predominantly non-food stores
increased by 2.4%. Within predominantly non-food stores, all sectors saw rises
apart from other stores which decreased by 1.0%. The largest rise was non-specialised
stores at 5.7%, a record for the series. Non-store retailing and automotive fuel
increased by 2.7% and 6.1% respectively.
The seasonally adjusted value of retail sales for January 2011 was 8.2% higher
than in January 2010. For the three months to January 2011, it was 4.0% higher
than the same period a year earlier.