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20/09/2012
Sales Figures Fell As People Watched Olympics
Newly published figures of the Office for National Statistics have shown that retail sales in the UK fell during in August as people put off shopping to watch the Olympics.
According to the ONE sales fell 0.2% in August from July, saying the decline was driven by a fall in online sales, as consumers watched the Olympics instead of shopping on the internet.
However, sporting goods and toy stores saw a sales boost from the Olympics and the new football season.
Compared with a year earlier, sales volumes rose by 2.7% in August, said the ONS.
Online retail sales in August accounted for 8.1% of total retail sales excluding automotive fuel, a fall from the 9.0% recorded in July. It was also the lowest proportion in a year, it said.
(H)
According to the ONE sales fell 0.2% in August from July, saying the decline was driven by a fall in online sales, as consumers watched the Olympics instead of shopping on the internet.
However, sporting goods and toy stores saw a sales boost from the Olympics and the new football season.
Compared with a year earlier, sales volumes rose by 2.7% in August, said the ONS.
Online retail sales in August accounted for 8.1% of total retail sales excluding automotive fuel, a fall from the 9.0% recorded in July. It was also the lowest proportion in a year, it said.
(H)
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The Office for National Statistics have reported a 0.9% fall in retail sales volumes in August, as opposed to 0.4% rise that analysts had predicted. Despite the fall sales volumes were still 2.1% higher than in the same period in 2012, when the Olympics affected spending.
NSO Reports Surprise Fall In Retail Sales
The Office for National Statistics have reported a 0.9% fall in retail sales volumes in August, as opposed to 0.4% rise that analysts had predicted. Despite the fall sales volumes were still 2.1% higher than in the same period in 2012, when the Olympics affected spending.
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