December saw strong growth for retail

The retail industry witnessed strong growth last month, according to the latest data from the Office for National Statistics (ONS).

Sales volumes were up 5.3% year-on-year in December 2013, with the year as a whole seeing a rise of 1.6% compared to 2012.

Spend increased by 6.1% in December 2013, compared to a year earlier, and was up 2.6% on the previous month.

In December 2013, 42 pence in every pound was spent in food stores, with spend up 2.2% year-on-year. However the ONS said that contractions in the quantity bought in food stores, as well as on fuel, continued to offset growth in the quantity bought in non-food stores and non-store retailing.

The smaller stores experienced higher growth year-on-year, with the amount spent growing by 8.1%, compared to 2.6% in larger stores.

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