Brits boost retail spending

Seasonally adjusted, UK the volume of retail sales in May 2013 increased by 1.9 per cent year-on-year, while the amount spent in the retail sector went up by 3.1 per cent. Month-on-month, volumes were up 2.1 per cent and amount spent also rose 2.1 per cent, according to data from the ONS.

The main source of upwards pressure in the quantity bought came from the non-store retailing sector, where, year-on-year, the quantity of goods bought increased by 19.1 per cent. This was supported by an increase in the non-food sector, where, over the same period, the quantity of goods bought increased by 2.2 per cent.

Following a contraction in food sales in April (probably due to bad weather), the amount spent on food increased by 3.4 per cent year-on-year in May. However, the sales volume fell 0.5 percentage points over the same period.

Notably, average weekly spending online (non-seasonally adjusted) was up 10.3 per cent on May 2012, and accounted for 9.7 per cent of all retail spending including automotive fuel.