New figures by the Office for National Statistics (ONS) have shown a marginal increase in UK retail sales for the month of March, with clothing and footwear stores in particular welcoming a strong period. Overall volumes rose 0.4 percent during the month on the back of a 0.7 percent increase in February. Over the year, meanwhile, sales volumes...
25 Apr 2025
Headline inflation in the UK marginally fell in March, however, prices rose in clothing and footwear, reversing trends seen earlier in the year. Prices for the category increased 1.1 percent in the 12 months to March 2025, the Office for National Statistics (ONS) reported, compared with a drop of 0.6 percent in the 12 months to February. ONS...
17 Apr 2025
New figures by the Office for National Statistics (ONS) have shown a disappointing January for textile clothing and footwear stores, for which sales volumes fell by 2.7 percent on the month. A reduction in consumer confidence was cited as the cause for the drop in sales, which also contributed to a wider decrease of 1.3 percent in volumes for...
21 Feb 2025
Retail sales volumes took an unexpected turn in December, dropping 0.3 percent throughout the month, according to new figures released by the Office for National Statistics (ONS). This followed a subtle 0.1 percent increase in November, and came despite a rebound in textile clothing and footwear stores, which saw sales rise 4.4 percent, a stark...
17 Jan 2025
British clothing and footwear retailers suffered their sharpest year-on-year decline since January 2022, with sales falling 2.6 per cent in November, marking the second consecutive monthly decrease. The Office for National Statistics' (ONS) latest retail monitor, which concluded on November 23, captured only a partial picture of consumer...
20 Dec 2024
New figures from the Office for National Statistics (ONS) have shown a marginal rise in retail sales volumes for the month of November, a slight increase that was offset by consumers waiting for discount periods in the following month. According to the data, sales were estimated to have risen by 0.2 percent, following a fall of 0.7 percent in...
It is no secret that the retail sector has faced significant challenges in recent years, the impact of which has been reflected in new job figures issued by the Office for National Statistics (ONS). According to the organisation’s data, there were 2.81 million jobs in retail in September 2024, yet on a four-quarter average, this was 40,000 fewer...
19 Dec 2024
New figures from the Office for National Statistics (ONS) have revealed an increase in inflation once again. According to the data, the Consumer Prices Index (CPI) rose by 2.6 percent in the 12 months to November 2024, increasing from 2.3 percent in the 12 months to October. On a monthly basis, meanwhile, CPI rose 0.1 percent for the month,...
New figures by the Office of National Statistics (ONS) have revealed a slight drop in retail sales volumes in the UK throughout the month of October. According to the data, quantity bought in the region fell 0.7 percent, which comes on the back of a marginal 0.1 percent increase in the month prior. This contrasted figures reflecting the year to...
22 Nov 2024
UK retail sales showed unexpected strength in August, driven by warmer weather and end-of-season discounts, according to the latest figures from the Office for National Statistics. The data revealed a 2.4 percent increase in sales by value and a 2.3 percent rise by volume, according to the British Retail Consortium (BRC), surpassing economists'...
20 Sept 2024
New figures published by the Office of National Statistics (ONS) have shown that in August retail sales were marginally up on the month prior. Volumes rose by 1 percent during the month, which followed a more subtle rise of 0.7 percent in July. The uptick was accredited to warmer weather and end-of-season sales, according to reports from...
The Bank of England has placed the UK’s interest rate on hold at 5 percent after it was reported that inflation rates stayed at 2.2 percent in August, above the bank’s 2 percent target. The widely-expected decision was made following a meeting by the Monetary Policy Committee (MPC), who voted by a majority of eight to one to maintain the current...
19 Sept 2024