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Scottish retail sales rise in first quarter

Category: Scotland

Published: 2nd May 2012 10:43:26

Retail sales in Scotland grew slightly in the first three months of the year, according to official statistics.

The figures, released by the Scottish government, showed a 0.7% rise in the volume of sales, while there was a 0.9% increase in value.

The Retail Sales Index showed year-on-year growth of 0.6% by volume, compared with a 0.4% increase for the UK as a whole.

The value of Scottish sales climbed by 3% on an annual basis.

Finance Secretary John Swinney said: "Official figures show that the volume of retail sales is on a upward trend again, after remaining flat over the past two years.

"The 0.7% increase in volume this quarter follows a 0.9% rise in the final quarter of last year."

Mr Swinney added: "This expansion is welcome but the sector continues to face challenging conditions."

Last month, a Scottish Retail Consortium survey suggested sales rose to their best overall performance for nearly a year.

SRC said the figures had been boosted by record-breaking temperatures in March.

Source:
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BBC News, 2012. Scottish retail sales rise in first quarter [Online] (Updated 2nd May 2012)
Available at: http://www.ukwirednews.com/news/1425970/Scottish-retail-sales-rise-in-first-quarter [Accessed 23rd Apr 2014]

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