2022-11-19-莱坊-UK_Retail_Sales_Dashboard_October_2022_1页_390kb

Summary of Retail Data Analysis

Key Findings

• Most Recent Month (October 2022) vs. October 2021 YoY Growth: Value sales increased by +2.9% (seasonally adjusted, excluding fuel), while volume sales decreased by -6.7%. Including fuel, value sales growth was +4.8%, volume decrease was -6.1%.

• Comparison with September 2022: Compared to the previous month, consumers spent +1.0% more (YoY value growth) and purchased +0.3% more items (YoY volume growth). This contrasts with October's decline, indicating a seasonal downturn.

• Sub-sectors Performance: Food sales were stronger, growing +5.2% YoY, whereas non-food sales increased modestly by +1.4% YoY. "Discretionary" items, such as cosmetics, showed significant growth with YoY value increase of +28.9% and volume +19.2%.

• Online Penetration: ONS reported stable online retail penetration at 26.1%, suggesting no major shift in consumer behavior.

• Quarterly and Monthly Trends: Data shows a gradual decline in volume sales over months, with NSA volumes decreasing from -5.2% in August to -6.7% in October. Value sales YoY growth has slowed, with recent quarters showing reduced GDP-like indicators, hinting at broader economic pressures.

Overall, the data indicates a mixed retail landscape, with strong food demand but weak volume growth overall, and stable online penetration amid slowing economic conditions.