Free Trial

UK August Retail Sales Values Pick Up in August: BRC

MNI (London)
UK Aug Like For Like Retail Sales +1.3% Y/Y Vs Jul +0.9%
By Jamie Satchithanantham
     LONDON (MNI) - UK retailers achieved solid growth in sales in August, with
non-food items goods back in the black, a survey published Tuesday showed.
     The British Retail Consortium Retail Sales Monitor reported August
like-for-like sales rose +1.3% on the year, above the +0.9% y/y seen in July.
Like-for-like sales were down 0.9% y/y last August.   
     Elsewhere, total sales were up 2.4% y/y in August, up from 1.4% y/y in
July, the highest showing in four months. Total sales were down 0.3% y/y last
August.  
     Last month, strong food sales, primarily driving growth, were offset by a
contraction in that of non-food items and in August the latter returned to
expansionary territory, delivering more balanced growth.    
     In the three months to August, effectively covering the bulk of this
summer, food sales were up +1.8% 3m y/y on a like-for-like basis and +3.2% 3m
y/y on a total basis.
     These figures were weaker than those recorded in the three months to July
(+2.3% 3m y/y like-for-like, +3.4% 3m y/y total) but drastically better than
those recorded 12 months ago (+0.1% 3m y/y like-for-like, +0.5% 3m y/y total.
     Non-food sales grew 0.6% 3m y/y on a like-for-like basis, having contracted
0.7% 3m y/y in the 3m to July (the worst performance since the three months to
March) and increased 0.9% 3m y/y on a total basis, after falling 0.4% 3m y/y in
July.
     "August provided a welcome pick-up in retail sales across channels, with
non-food returning to growth as shoppers' attentions turned to homewares, autumn
clothing ranges and the new school term," Helen Dickinson, Chief Executive,
British Retail Consortium said.
     "However, these figures tell a less positive story about the health of
consumer spending than it might seem at first glance. Non-food sales have only
just recovered to levels seen two years ago, after a dismal August in 2016;
while strong figures for food are largely the result of rising prices, leaving
growth in volume terms weaker than last year," she added.
     The BRC-KPMG Retail Sales Monitor measures retail sales in value terms, and
not volume terms like the official data published by the Office of National
Statistics, and is thus culpable of having its figures flattered by rising
prices.
--MNI London Bureau; +44 203-586-2226; email: jamie.satchithanantham@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ (function appendPosts () { var policyPosts = document.getElementsByClassName('policy-posts-wrapper')[0]; var policyPostsMenu = document.querySelector('.policy-posts-span'); policyPostsMenu.append(policyPosts); policyPosts.style.display = "block"; var empolicyPosts = document.getElementsByClassName('em-policy-posts-wrapper')[0]; var empolicyPostsMenu = document.querySelector('.em-policy-posts-span'); empolicyPostsMenu.append(empolicyPosts); empolicyPosts.style.display = "block"; var dataPosts = document.getElementsByClassName('data-posts-wrapper')[0]; var dataPostsMenu = document.querySelector('.data-posts-span'); dataPostsMenu.append(dataPosts); dataPosts.style.display = "block"; })(); }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelectorAll(".my-mni").forEach(function(item){ item.href="/core/users/email_login/"; item.innerHTML="Log In"; }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelector('.signup-form').addEventListener('submit', () => { window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'submission_click', 'event_category': "Sign Up Button Clicks", 'event_label': "Posts" }); }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){ item.onsubmit=function(e){ ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15}); window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'signup_click', 'event_category': "Signup", 'event_action': 'CompletedForm', 'event_label': 'pageTitle', 'event_value': 15 }); } }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelectorAll("img").forEach(function (img) { img.addEventListener("contextmenu", function (e) { return false; }); }); document .querySelector(".site-logo img") .addEventListener("contextmenu", function (e) { return true; }); }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelector('.signup-form').addEventListener('submit', () => { window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'submission_click', 'event_category': "Sign Up Button Clicks", 'event_label': "Posts" }); }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){ item.onsubmit=function(e){ ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15}); window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'signup_click', 'event_category': "Signup", 'event_action': 'CompletedForm', 'event_label': 'pageTitle', 'event_value': 15 }); } }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ let posts = document.querySelectorAll(".all-content-wrapper .widget:not(.stream-story-processed)"); window.check_story_posts(posts, "streamOfPosts"); }); window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){ function populateInputsWithAPAPI(c) { document.querySelectorAll('.signup-form input[name="country"]').forEach(el => { el.setAttribute("value", c.country_name); }); document.querySelectorAll('.signup-form .country_name').forEach(el => { el.setAttribute("value", c.country_name); }); let country_code = c && c.country_code ? c.country_code.toLowerCase() : "auto"; document.querySelectorAll('.signup-form .country_code').forEach(el => { el.setAttribute("value", country_code); }); document.querySelectorAll('.signup-form .selected_country').forEach(el => { el.setAttribute("value", country_code); }); } const fetch = function (err, res) { var r = new XMLHttpRequest(); r.open("GET", err, !0), (r.responseType = "json"), (r.onload = function () { var err = r.status; res(200 === err ? null : err, r.response); }), r.send(); }; function setupCountry() { if (window.preventDuplicateExec) { return; } window.preventDuplicateExec = true; window.REBELMOUSE_STDLIB.onElementInViewport({ threshold: 0, firstOnly: true, oneTime: true, selector: ".signup-form", onIntersect: (entry) => { // when you need to get access to that data you call it in that way: let ipapiData = localStorage.getItem("ipapiData"); if (!ipapiData) { fetch("https://ipapi.co/json/", function (err, ipData) { console.log("populating inputs with data from IP API "); localStorage.setItem("ipapiData", JSON.stringify(ipData)); populateInputsWithAPAPI(ipData); }); } else { console.log( "populating inputs with data from IP API data stored in local storage" ); populateInputsWithAPAPI(JSON.parse(ipapiData)); } }, }); } setupCountry(); }); window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){ /* const sidebar = document.querySelector('.left-sidebar-container'); const stickyContent = document.querySelector('.sticky-content'); const siteContent = document.querySelector('.all-posts-stream'); if (sidebar && stickyContent && siteContent) { if (siteContent.clientHeight > sidebar.clientHeight) { console.log('grater -> ', siteContent.clientHeight + ' > ' + sidebar.clientHeight); stickyContent.style.height = (siteContent.clientHeight - sidebar.clientHeight) + 'px'; } } */ }); window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){ function populateInputsWithAPAPI(c) { document.querySelectorAll('.signup-form input[name="country"]').forEach(el => { el.setAttribute("value", c.country_name); }); document.querySelectorAll('.signup-form .country_name').forEach(el => { el.setAttribute("value", c.country_name); }); let country_code = c && c.country_code ? c.country_code.toLowerCase() : "auto"; document.querySelectorAll('.signup-form .country_code').forEach(el => { el.setAttribute("value", country_code); }); document.querySelectorAll('.signup-form .selected_country').forEach(el => { el.setAttribute("value", country_code); }); } const fetch = function (err, res) { var r = new XMLHttpRequest(); r.open("GET", err, !0), (r.responseType = "json"), (r.onload = function () { var err = r.status; res(200 === err ? null : err, r.response); }), r.send(); }; function setupCountry() { if (window.preventDuplicateExec) { return; } window.preventDuplicateExec = true; window.REBELMOUSE_STDLIB.onElementInViewport({ threshold: 0, firstOnly: true, oneTime: true, selector: ".signup-form", onIntersect: (entry) => { // when you need to get access to that data you call it in that way: let ipapiData = localStorage.getItem("ipapiData"); if (!ipapiData) { fetch("https://ipapi.co/json/", function (err, ipData) { console.log("populating inputs with data from IP API "); localStorage.setItem("ipapiData", JSON.stringify(ipData)); populateInputsWithAPAPI(ipData); }); } else { console.log( "populating inputs with data from IP API data stored in local storage" ); populateInputsWithAPAPI(JSON.parse(ipapiData)); } }, }); } setupCountry(); });