{"id":161075,"date":"2019-03-21T14:58:52","date_gmt":"2019-03-21T14:58:52","guid":{"rendered":"https:\/\/www.theindustry.fashion\/ons-shoppers-continue-to-spend-with-0-4-monthly-lift-in-retail-sales\/"},"modified":"2021-08-12T13:55:27","modified_gmt":"2021-08-12T13:55:27","slug":"ons-shoppers-continue-to-spend-with-0-4-monthly-lift-in-retail-sales","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/ons-shoppers-continue-to-spend-with-0-4-monthly-lift-in-retail-sales\/","title":{"rendered":"ONS: Shoppers continue to spend with 0.4% monthly lift in retail sales"},"content":{"rendered":"
Retail sales rose in February as shoppers appeared to shrug off Brexit uncertainty, official figures show. Sales were unexpectedly up 0.4% on the previous month<\/strong>, and by 0.7% on the last quarter, the Office for National Statistics (ONS) said.<\/p>\n Unusually warm weather in February contributed to the rise in retail sales, the ONS added, boosting spending at garden centres and on sporting equipment.<\/p>\n There was little sign of shoppers stockpiling groceries ahead of Brexit<\/strong>, with a monthly 1.5% fall in food store sales the strongest decline since December 2016.<\/p>\n Ian Gilmartin, head of retail and wholesale at Barclays Corporate Banking, said: \u201cIt\u2019s another fairly strong set of numbers from the ONS this morning, with good year-on-year growth across most of the retail industry.<\/strong><\/p>\n \u201cThe underlying story in these figures is positive, with retailers somehow finding a way to keep us spending.\u201d<\/p>\n Ian Geddes, head of retail at Deloitte, said: \u201cFebruary\u2019s milder temperatures<\/strong> would have been welcome news to high street retailers with raw memories of last year\u2019s \u2018Beast from the East\u2019.<\/p>\n \u201c2019 continues to see a combination of strong employment, low interest rates, falling inflation,<\/strong> and rising household incomes. Despite these favourable economic fundamentals, consumer confidence will continue to be influenced by macroeconomic and political uncertainty.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" […]<\/p>\n","protected":false},"author":4,"featured_media":149915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,10494],"tags":[14177,46,9954,14176,14178,14175,12649],"acf":[],"yoast_head":"\n