![]() Practically, it has been utilised as a comparative tool for business performance, and the ability to access internet retail sales has been particularly beneficial to some. It has been used as a comparative tool with the British Retail Consortium (BRC) and other market sources, to boost context. It was found to be crucial for financial modelling of sectors and was recognised as a timely indicator for the economy. In a survey, users found the Retail Sales Index (RSI) statistics important to their work. Several changes have been made to the statistical bulletins to make them more relevant for users. We regularly review our statistical outputs to ensure they continue to meet users’ needs. Other users include business and research communities, economic and financial organisations, the media, and the general public. Their primary use of the data is to assist in informed decision-making and policymaking. The value and volume measures of retail sales estimates are widely used in private and public sector institutions, particularly by the Bank of England (BoE) and HM Treasury. (The degree to which the statistical outputs meet users’ needs.) Quality characteristics of Retail Sales Index data Relevance The value estimates reflect the total turnover that businesses have collected over a standard period, while the volume estimates are calculated by taking the value estimates and adjusting to remove the impact of price changes. The main output measures include value and volume estimates, in both seasonally adjusted and non-seasonally adjusted forms. ![]() At this level, non-disclosive statistics covering small and large businesses, non-seasonally adjusted, are provided. Retail sales statistics published in the Retail sales quality tables on a monthly basis are presented by retail sector groupings and more detailed industry sub-groups. non-specialised stores or department storesĪt this level, statistics on volume and value of retail sales, seasonally adjusted, are published.The non-food sector is broken down further to provide statistics on: Retail sales statistics published in the Retail sales statistical bulletin are presented for all retailing, both including and excluding automotive fuel, and in four retail sector groupings: The industries included in the Retail Sales Inquiry are defined by the UK Standard Industrial Classification (SIC 2007). The primary purpose of the Retail Sales Index (RSI) is to produce a short-term measure of the changes in the volume and value of sales of goods by retail businesses in Great Britain, providing a timely indicator of economic performance and strength of consumer spending. Retailers provide total retail turnover inclusive of Value Added Tax (VAT), including sales from stores via the internet, mail orders, stalls and markets, door-to-door, and telephone sales a separate question is asked for total retail sales generated via the internet only. The sample represents the whole retail sector and includes all large retailers and a representative sample of smaller businesses the known retail industry population is approximately 200,000 businesses and while the sample represents 2.5% of this population, in terms of the number of businesses the sample represents approximately 93% of all known turnover in the retail industry. Retail sales data are collected from a sample of approximately 5,000 retailers across Great Britain. The RSI covers businesses that are engaged in retail trade and that operate in Great Britain it does not include Northern Ireland, the Isle of Man or the Channel Islands. ![]() The Retail Sales Index (RSI) is compiled using data from the Monthly Business Survey – Retail Sales Index (MBS-RSI).
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