Retail Sales in the Three Months to February Falling Prior to the Coronavirus Effect
Thursday 26 March, 2020 Written by Simon CollyerRETAIL SALES – Prior to the coronavirus pandemic.
In the three months to February 2020, the quantity bought in retail sales fell for the fourth consecutive month by 0.6%; this was across all stores except non-store retailing.
In February 2020, the monthly growth rate in the quantity bought fell by 0.3%, with a range of retailers providing feedback on the adverse effect of the extreme rainfall on sales.
When compared with the same month a year earlier, February 2020 remained flat; the lowest year-on-year growth rate since March 2013 at negative 1.6%.
Online sales as a proportion of all retailing was 19.6% in February 2020, up from the 19.1% reported in January 2020.
The data collection for the period was completed by 29 February and is largely unaffected by recent developments with the coronavirus; however, a small number of retailers suggested that online orders shipped from China were reduced because of the impact of COVID-19.
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