Office for National Statistics
This coverage explores insights from the UK Office for National Statistics (ONS) and their relevance to the retail sector, focusing on consumer spending data, labour market trends, price indices, and economic indicators. Reporting highlights how ONS releases inform retail strategy, performance analysis, and market forecasting — providing essential context for executives, analysts, and decision-makers in retail operations and planning.
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Jan- 2023 -20 JanuaryEconomy
December retail sales fall 1% despite Christmas boost
Retail sales volumes fell by 1% in December 2022 after a 0.5% fall in November 2022, according to data from the Office for National Statistics (ONS). Alongside this, sales volumes were down 1.7% compared with pre-pandemic levels in February 2020. Non-food store sales volumes also dropped 2.1% over December. ONS…
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13 JanuaryEconomy
UK economy beats expectations as it grows 0.1% in November
The UK economy unexpectedly grew by 0.1% in November as the World Cup helped boost restaurant and pub sales, according to the latest data from the Office for National Statistics (ONS). It comes as analysts had predicted a fall of 0.3% for the month and has raised hopes that the…
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Dec- 2022 -20 DecemberClothing & Shoes
Is Back to School behind ShoeZones’ newly-found popularity?
ShoeZone has recently come out with the news that its revenue increased by 31.2% to £156.2m from £119.1m last year, spelling a return to profitability that may indicate how much consumer spending habits have swung towards savvy penny-pinching in ‘Back to School’ season. A survey by Toluna from 5 September…
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16 DecemberEconomy
Retail sales dip 0.4% in November
Black Friday and Christmas shopping has failed to lure people back to the high streets as the Office for National Statistics (ONS) estimates that retail sales have fallen by 0.4% in November 2022. The recent statistics follow a 0.6% rise in October when retail bounced back from the impact of…
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14 DecemberEconomy
Inflation falls to 10.7%
UK Inflation fell to 10.7% in November, down from 11.1% in October, but still remains close to a 40-year high as the cost of living continues to rise. According to the latest data from the Office for National Statistics, the decrease was mainly driven by a fall in petrol prices…
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12 DecemberEconomy
UK economy returns to growth in October
The UK economy returned to growth in October following the period of national mourning after the death of the Queen, according to the latest figures from the Office for National Statistics (ONS). UK GDP is estimated to have grown by 0.5% in October 2022, following a fall of 0.6% in…
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Nov- 2022 -18 NovemberEconomy
October sales rise 0.6% but remain behind pre-Covid levels
The Office for National Statistics (ONS) reported that retail sales volumes rose by an estimated 0.6% in October, following a 1.5% drop in September, which the government body supposes was due to the additional bank holiday for the queen’s funeral. However, it is also reported that sales volumes dropped 2.4%…
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16 NovemberEconomy
Rising energy and food costs push inflation to 11.1%
Inflation has risen to a 41-year high of 11.1% in October, according to data from the Office for National Statistics (ONS). The inflation rate rose from 10.1% in September meaning it is now at its highest point since October 1981. The ONS has attributed this rise to increasing energy and…
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11 NovemberEconomy
UK economy contracts 0.2% in Q3
The first signs of the UK entering a recession reared its head in the last quarter as the economy contracted by 0.2% between July and September, according to the latest figures from the Office for National Statistics (ONS). Monthly estimates published today (11 November 2022) found that GDP fell by…
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Oct- 2022 -19 OctoberEconomy
Rising food prices push inflation back to 10.1%
Inflation has returned to the 40-year high of 10.1% in September, up from 9.9% in August, with rising food prices as the main contributor, according to the latest figures from the Office for National Statistics (ONS). The increase to the annual inflation rate in September 2022 reflected, principally, rising food…
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