Average weekly online spending hits £1 billion
Written by Anthony Strzalek
Online retail sales in the UK grew 19.5 per cent in March compared with the previous year, while the average weekly online spend hit the £1 billion mark, the latest ONS figures reveal.
On a monthly basis, online sales saw a 0.5 per cent rise on February’s figures. The amount spent online in March accounted for 15.5 per cent of all retail spending, excluding automotive fuel, compared with 13.6 per cent in March 2016.
However, overall retail sales were down. The three months leading up to March showed a decrease of 1.4 per cent; the third consecutive decline in sales.
Kate Davies, a senior statistician at ONS, said: “Today’s retail sales figures show a decline on the month and on the three months to March, which coincides with Q1 in 2017. This is the first time we’ve seen a quarterly decline since 2013, and it seems to be a consequence of price increases across a whole range of sectors.”