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News : UK Economy Last Updated: Sep 21, 2012 - 7:05 AM


UK retail sales fell during in August as people cut shopping to watch the Olympics
By Finfacts Team
Sep 20, 2012 - 3:55 PM

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UK retail sales fell during in August as people cut shopping to watch the Olympics, data released today show.

Sales fell 0.2% in August from July, according to the Office for National Statistics (ONS). The ONS said the fall was driven by a fall in online sales, as consumers watched the Olympics instead of shopping on the internet. However, sporting goods and toy stores saw a sales boost from the Olympics and the new football season.

Compared with a year earlier, sales volumes rose by 2.7% in August, said the ONS. The non-food sector accounted for 2.2 percentage points (pp) of this growth, the food sector 0.4 pp, retailers that sell mainly online or through mail order (non-store retailing) provided 0.2 pp of the growth, while the fuel sector provided a negative contribution of 0.1 pp.

In August 2012, for every pound spent on retail goods approximately 42 pence was spent in the nonfood store sector, 41 pence in the food sector, 12 pence in fuel stations and 5 pence in non-store retailing.

In August 2012, Internet sales (online sales for all retailers) were estimated to be 8.1% of all retail sales (excluding automotive fuel). This is a fall from 9.0% in July 2012 and the lowest proportion since August 2011 (7.8%).

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