18 Jun 2015
UK retail sales rise 4.6% year-on-year in May
FXStreet (Mumbai) - The data released by the UK Office for National Statistics (ONS) on Thursday showed the retail sales rose 4.6% year-on-year in May, compared to the estimate of a 4.8% rise. The previous month’s retail sales stand unrevised at 4.7%.
On the month, retail sales increased 0.2%, bettering the estimate of a stalling growth. Core retail sales witnessed a growth of 0.25 month-on-month and 4.4% year-on-year. A growth of 4.6% in May is a 26th consecutive month of year-on-year growth, the longest period of sustained growth since May 2008 when there were 31 periods of growth.
The ONS report shows the average store prices (including petrol stations) fell by 2.7% in May 2015 compared with May 2014. This is the 11th consecutive month of year-on-year price falls. The largest contribution once again from petrol stations which fell by 10.2%, the 21st consecutive month of year-on-year falling prices in this store type.
On the month, retail sales increased 0.2%, bettering the estimate of a stalling growth. Core retail sales witnessed a growth of 0.25 month-on-month and 4.4% year-on-year. A growth of 4.6% in May is a 26th consecutive month of year-on-year growth, the longest period of sustained growth since May 2008 when there were 31 periods of growth.
The ONS report shows the average store prices (including petrol stations) fell by 2.7% in May 2015 compared with May 2014. This is the 11th consecutive month of year-on-year price falls. The largest contribution once again from petrol stations which fell by 10.2%, the 21st consecutive month of year-on-year falling prices in this store type.