Retail sales fell by 9% in August

Updated: 16:12, Friday, 16 October 2009

Official figures show that the volume of retail sales in August was 9% lower than the same month a year earlier.

1 of 1 Retail sales Rate of decline slowing
Retail sales
Rate of decline slowing

This was the smallest rate of decline so far this year, though sales were down 1% when compared with July.

Retail sales figures this year have been badly affected by a sharp fall in sales in the motor sector.

These dropped by almost 30% in the year to August. When these are excluded, the volume of sales was down 5.2% over the year.

A breakdown showed that bar sales are down more than 13% over 12 months, while categories linked to the property sector - furniture and lighting, electrical goods and hardware, paints and glass - are all more than 11% lower.

The value of sales, which takes prices into account, fell 13.4% compared with August last year, with a monthly drop of 1.4%, indicating that retailers are still lowering prices in a bid to attract customers.

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