Retail sales jump in February
Retail sales volumes rose 0.8% on January, driven mostly by supermarkets, vehicle fuel and online shopping, the ONS said.
British retail sales jumped in February as prices rose at their smallest year-on-year rate since January last year, figures show.
Retail sales volumes rose 0.8% on January, driven mostly by supermarkets, vehicle fuel and online shopping, the Office for National Statistics (ONS) said.
Non-food retailers, which include department stores and clothes shops, suffered a fall in sales.
0.8% increase in retail sales February 2018 compared to January 2018 with increases seen in food, non-store and fuel store purchases https://t.co/51UYTyE3HI— ONS (@ONS) March 22, 2018
However the three-month figure to February, which smooths out monthly volatility, shows sales fell by 0.4% after poor sales in December and January.
The figures show retail prices rose in February by 2.5% year-on-year, the smallest increase since January 2017.
Compared with a year earlier, the ONS said February retail sales were up 1.5% amid expectations of a 1.3% rise.
ONS senior statistician Rhian Murphy said: “Retail sales did grow in February, with increases seen in food, non-store and fuel, but this followed two months of declines in these sectors.
“However, the underlying three-month picture is one of falling sales, mainly due to strong declines across all sectors in December.
“Store prices continue to rise across all store types, but at a lower rate than the previous month due to a slowdown in price growth, though clothing and household goods stores continued to see stronger price rises.”
Ben Brettell, senior economist at Hargreaves Lansdown, said: “UK retail sales jumped 0.8% in February after falling 0.2% in January’s disappointing data.
“Economists had expected a smaller rise of 0.4%.
“But the champagne remains on ice for now. The monthly numbers are always volatile and the underlying trend is still one of weakness.
“There’s also a risk of further disappointment in March, with the Beast from the East bringing economic disruption and keeping consumers at home.”