THE UK BY NUMBERS
CONSUMER SPENDING THE UK BY NUMBERS
We present an at-a-glance overview of the key issues in Britain today. In this issue our focus is on consumer spending. All statistics are from the ONS Retail Sales Statistical Bulletin unless otherwise stated
Online spend
Average weekly spending online in May 2015 was £791.3 million, an increase of 7.4% compared with May 2014 and the lowest year-on-year increase since November 2012. Value of internet sales as a proportion of all retailing (excluding automotive fuel, seasonally adjusted) %12
10
0 2 4 6 8
“Whoever said money can’t buy happiness simply didn’t know where to go shopping” Bo Derek
July 2008
July 2009
July 2010
July 2011
July 2012
July 2013
July 2014
“Consumerism has a religious day called Black Friday” Jarod Kintz
4.6% 2.7% 12%
Continuing year-on-year growth, the volume of retail sales in May 2015 is estimated to have increased by 4.6% compared with May 2014
In May, average store prices (including petrol stations) fell by 2.7% year-on-year – the 11th consecutive month of year-on-year price falls
The amount spent online accounted for 12.0% of all retail spending, excluding automotive fuel, compared with 11.5% in May 2014
In May 2015, the quantity bought in the retail industry (volume) increased by 4.6% compared with May 2014. The amount spent (value) increased by 1.8%. In May 2015, non-seasonally adjusted data show that the prices of goods sold in the retail industry (as measured by the implied price deflator) decreased by 2.7%. In the four-week reporting period during May 2015, the amount spent in the retail industry was £28.3 billion (non-seasonally adjusted). This compares with £27.8 billion in the 4-week reporting period for April 2015 and £27.8 billion in the 4-week reporting period for May 2014.
20 SOCIETY NOW SUMMER 2015
Biggest British retailers
Tesco ranks top of British retailers with a market capitalisation of £17.75 billion, followed by Next at approximately £11.52 billion. Top 10 British retail companies in the UK as of 17 July 2015 (in million GBP), by market capitalisation - Source: Google Finance - Yahoo Finance - MSN Money
Tesco
Jewelers Next
Kingfisher Marks &
Spencer Signet
J Sainsbury Dixons
Carphone Burberry
group
Sports Direct International
WM Morrison Supermarkets
0 5,000 10,000 15,000 20,000
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