February 2019 UK Retail Sales: Fragmented Sectors Drive Strong Total Growth, But Core Sectors Show Softness
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Our monthly UK Retail Sales Report reviews the latest sector data published by the Office for National Statistics (ONS).
Highlights from our February UK Retail Sales Report:
- The Office for National Statistics (ONS) reported a strengthening of retail growth to 4.0% year over year in February, supported by a 3.5% increase in volumes.
- However, core sectors such as grocery retailers, department stores/mixed-goods retailers and large clothing retailers each reported soft year-over-year growth of around 1% or less.
- Total reported growth continued to be underpinned by unusually strong growth in fragmented sectors such as small clothing retailers, health and beauty retailers, and food specialists.