Slight growth for retail trade

Turnover in the retail sector in August 2008 was just over 1 percent up on the same month last year. Turnover was negatively affected by the less favourable shopping-day pattern for August in 2008 than in 2007. After correction for this, the increase came to nearly 3 percent. Articles sold by retailers cost 2.5 percent more. Corrected for differences in the shopping-day pattern, the volume of sales increased slightly compared with the same month one year ago.

Shops in the food sector generated a turnover growth of more than 4 percent in August. Prices rose by just over 5 percent. Turnover in the non-food sector rose by 0.3 percent compared with August 2007. In this sector prices rose by nearly 1 percent. Within non-food, stores selling household items had a substantially higher turnover than twelve months previously: their turnover rose by nearly 8 percent.

Accounting for 59 percent, non-food shops contributed most to retail turnover in 2007. Shops selling food products, drinks and tobacco contributed 36 percent. Mail-order companies and street market retailers accounted for a modest 5 percent of total retail turnover.

The figures published in this update have been adjusted relative to the August retail figures released on 14 October 2008. The revision is based on new and more detailed information.

Retail turnover

Retail turnover