ONS: UK Retail Industry Spending Reached £366bn in 2017

The Office for National Statistics (ONS) has published a report comparing the trends and emerging patterns in the relationship between the amount spent in retail between “bricks and mortar” store sales and online sales, during August 2018.

Click to visit our articles page and see the full report.

Key points from the report include:

- The amount of money spent in the retail industry (excluding fuel) increased by 4.7% to approximately £366 billion in 2017, when compared with the previous year.

- In 2017, online-only sales increased at a rapid rate by 15.9% in comparison with the growth of 2.3% in sales within stores from the previous year.

- Despite the stronger online presence, consumers spent most of their money in stores and the majority of online spending was done within non-store retail.

- Throughout 2018 we had record proportions for online spending, increasing to 18.2% in August. 

- Department stores continued to reach a record proportion of online retailing in August 2018, at 18.4%.

Source : Insight DIY Team and ONS

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