Press releases

Deloitte comments on this morning's ONS Retail Statistics

20 October 2016

Commenting on today’s ONS retail sales figures, Ben Perkins, head of consumer research at Deloitte, said:

“The retail market has enjoyed its strongest quarter since late 2014, with an impressive 3.7% growth in the amount spent over the past three months, compared to a year earlier. Our own data confirms consumers had shrugged off Brexit, with confidence at a five-year high. Going into the all-important golden quarter, the market remains strong, although rises in inflation might well prompt new concerns in 2017.

“Digging deeper, the clothing market struggled once again, as unseasonably warm weather made it harder to shift autumn lines. In the food sector, value growth was driven by the food specialists, while sales through large grocers saw a marginal decline of 0.1%.

“September was a very strong month for online sales rising 22 percentage points year on year to account for 15% of all retail sales. A year ago this figure stood at 12.6%, pointing to a significant step-change. This sets the scene for what could be another very strong Black Friday sales period and more growth in the short term.”

End

Notes to editors

About Deloitte
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

Member of Deloitte Touche Tohmatsu Limited.

Will Black
Deloitte LLP
+44 (0) 20 7007 8242
+44 (0) 78 2511 3222
wiblack@deloitte.co.uk

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