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rise in retail sales in february

The Office for National Statistics reports that in February, the quantity bought in retail sales increased by 0.8% when compared with the previous month, with increases seen across all main sectors except non-food stores.

The monthly increase to the quantity bought follows two monthly declines in December and January, resulting in an overall decrease of 0.4% in the three months to February.

The year-on-year growth rate increased by 1.5% following a general slowdown when compared with an increase of 3.3% in February 2017; however, this stabilised in recent months as we see little movement in the year-on-year growth since November 2017.

While we continue to see price increases across all sectors, there is a slowdown to growth in the last two months, falling from 3.1% in December to 2.5% in February.

Internet sales saw an increase in its proportion of all seasonally adjusted retailing in February when compared with January, accounting for 17.2% of all retail; this continues the general upward trend in money spent online as the proportion of online spending in February 2017 was at 15.6%.

 

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