{"id":237356,"date":"2025-10-24T10:53:08","date_gmt":"2025-10-24T10:53:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/237356\/"},"modified":"2025-10-24T10:53:08","modified_gmt":"2025-10-24T10:53:08","slug":"retail-sales-hit-highest-level-since-2022","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/237356\/","title":{"rendered":"Retail sales hit highest level since 2022"},"content":{"rendered":"<p class=\"sc-9a00e533-0 eZyhnA\">Retail sales volumes have risen for the fourth month in a row, driven by consumers buying gold online and new tech gadgets. <\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Monthly sales rose by 0.5% in September 2025, new figures from the Office for National Statistics (ONS) show, defying an expected decrease of -0.2%. <\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">&#8220;Although food stores saw very little growth, good weather in July and August boosted sales of clothing, while online retailing also did well,&#8221; said ONS senior statistician Hannah Finselbach. <\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Tech sales were boosted over the summer by the launch of Nintendo&#8217;s long-awaited Switch 2 gaming console and Apple&#8217;s iPhone 17.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Within non-store retailing, online jewellers reported strong demand for gold.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Between July and September, retail sales were 0.9% higher than the previous three months.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">The amount spent online between July and September was 3.5% higher than the previous quarter and 5% higher than the same period last year.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Retail sales volume are a measure of the quantity of goods sold during a certain period. <\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">The figures are a positive sign amid ongoing concerns that the British economy is slowing down.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Danni Hewson, AJ Bell head of financial analysis, said consumers were starting to feel a bit more confident about spending.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">&#8220;Interest rate cuts and above inflation pay increases have meant many workers have had a bit more cash to play with, even if pressures on household budgets have remained high.&#8221;<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Alex Kerr, UK economist at Capital Economics, said the month on month rise in retail sales volumes was better than expected.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">&#8220;But against a backdrop of weak employment, high inflation and with tax rises on the horizon, we doubt the retail sector will be able to sustain this strength,&#8221; he said.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Mr Kerr said that a strong demand for gold jewellery from online retailers could be a result of <a target=\"_self\" href=\"https:\/\/www.bbc.co.uk\/news\/articles\/c8ex3wgjlexo\" class=\"sc-f9178328-0 iCaRzc\" rel=\"nofollow noopener\">surging gold prices<\/a>. <\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Despite this, recent results from the UK&#8217;s longest-running consumer confidence survey, conducted by GfK, indicate that shoppers are holding back on spending before Black Friday.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Retail analyst Catherine Shuttleworth said that in addition to this, the &#8220;constant background of running commentary on the upcoming budget&#8221; was likely discouraging consumers from discretionary spending.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">The ONS gathers its figures from all of Great Britain&#8217;s large retailers and a representative sample of smaller ones. <\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Monthly figures for retail sales are generally more volatile than quarterly.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">ONS statistics are used in deciding government policy, which affects millions, and are also used by the Bank of England to make key financial decisions, such as setting interest rates.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">But a recent review of the ONS was highly critical of the agency, calling into question the quality of the economic data it produces.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">The ONS has struggled, as have many statistical bodies, with tight budgets and with the problem of getting people to fill in the questionnaires needed for their data.<\/p>\n","protected":false},"excerpt":{"rendered":"Retail sales volumes have risen for the fourth month in a row, driven by consumers buying gold online&hellip;\n","protected":false},"author":2,"featured_media":237357,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-237356","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/237356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=237356"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/237356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/237357"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=237356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=237356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=237356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}