ONS crisis deepens as it admits retail sales data issue; UK house prices ‘at record’ high – business live - short news
Office for National Statistics says it miscalculated seasonally adjusted retail sales data
Following its corrections, the ONS has revised down the quarterly growth rate of retail sales from 1.3% to 0.7% in Q1 and up from 0.2% to 0.3% in Q2.
This will have a slight impact on the UK’s growth data for the first quarter of 2025.
Retail sales is used to measure the output of the retail sector and part of household expenditure. It accounts for 4.8% of GDP.
This means..
source: The Guardian - 05.09.2025