Retail

UK retail sales volumes up estimated 0.3% in Sept 2024

18 Oct '24

2 min read

UK retail sales volumes up estimated 0.3% in Sept 2024: ONS

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Insights

UK retail sales volumes are estimated to have risen by 0.3 per cent in September following a rise of 1 per cent in August, the Office of National Statistics said.
During the year to September, sales volumes rose by 3.9 per cent YoY, the largest annual rise since February 2022.
Online sales rose across most sectors in September, with only non-store retailers decreasing from the previous month.

UK retail sales volumes are estimated to have risen by 0.3 per cent in September this year following a rise of 1 per cent in August, according to the Office of National Statistics (ONS). Sales volumes in the month were at their highest index levels since July 2022.

During the year to September 2024, sales volumes rose by 3.9 per cent year on year (YoY), the largest annual rise since February 2022.

Sales volumes rose by 1.9 per cent quarter on quarter (QoQ) and 2.6 per cent YoY (the largest since March 2022) in the third quarter (Q3) this year. The quarterly rise was across all main sectors.

Non-food stores sales volumes—the total of department, clothing, household and other non-food stores—rose by 2.5 per cent in September following a rise of 0.6 per cent in August. The strongest sub-sector growth was from other non-food stores, which rose by 5.5 per cent over the month to September 2024.

Online sales rose across most sectors in September, with only non-store retailers decreasing from the previous month, an ONS release said.

The amount spent online, known as ‘online spending values’, rose by 1.3 per cent month on month (MoM) and by 6.7 per cent YoY during September 2024.

Total spend—the sum of in-store and online sales—rose by 0.1 per cent MoM. As a result, the proportion of sales made online increased from 27.5 per cent in August this year to 27.7 per cent in September.

Fibre2Fashion News Desk (DS)

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