ONS
This coverage focuses on the Office for National Statistics (ONS) and the data it provides that impacts the UK petcare industry. Pet Gazette reports on ONS releases covering economic performance, consumer spending, employment, inflation, and other market indicators relevant to pet retailers, wholesalers, distributors, and supply chain operators. Our coverage helps pet trade professionals interpret official statistics, understand market conditions, and make informed business decisions based on reliable data.
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Mar- 2021 -12 MarchEconomy
UK GDP shrinks 2.9% amid January lockdown
Monthly GDP fell by 2.9% in January as a national lockdown proved to impact economic activity, new data from the Office for National Statistics (ONS) reveals. Figures released show that January’s GDP was 9.0% below the levels seen in February 2020, and 4.0% below October 2020 – the “initial recovery…
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1 MarchCoronavirus
Chancellor to unveil £5bn high-street support package
Chancellor Rishi Sunak is expected to offer over 700,000 retail, hospitality and other businesses grants of up to £18,000 as part of a £5bn rescue package to be included in his Budget speech on Wednesday (3 March). The new ‘Restart Grants’ will be directly distributed from local authorities from April…
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Feb- 2021 -19 FebruaryCoronavirus
Retail sales tumble 8.2% in January despite online boom
Retail sales tumbled by 8.2% in January despite rising online sales, as stores were hit by heightened restrictions amid the third national lockdown. According to the Office for National Statistics (ONS), the value of sales was also 7.8% lower than the previous month, while the overall decline was largely driven…
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12 FebruaryEconomy
UK suffers record 9.9% GDP slump
GDP declined by 9.9% in 2020, a figure which is more than double of what was recorded in 2009 after the UK’s financial crisis. According to the ONS, the fall was largely due to restrictions which were in place for most of the year, forcing the economy to operate at limiting trading levels. Figures…
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Jan- 2021 -22 JanuaryCoronavirus
Retail sales fall to lowest ever annual level
The retail sector has suffered its largest annual fall since records began, with total sales down 1.9% against the year prior, as restrictions on non-essential retail continued to impact the sector as a whole. This was the biggest decline since records began in 1997, according to the ONS. After declines…
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15 JanuaryEconomy
UK GDP shrinks by 2.6%
GDP declined by 2.6% in November 2020 as government restrictions reduced economic activity, the latest ONS figures reveal. Figures released by the statistics office show that November GDP was 8.5% below its pre-pandemic levels. The decline follows a period of economic growth for the UK, with last October’s report revealing that the country had grown a…
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Oct- 2020 -23 OctoberEconomy
UK retail sales grow for fifth consecutive month
Retail sales in the UK have risen for the fifth consecutive month, despite the introduction of the tiered lockdown system, according to the latest figures released by the ONS. Last month, overall growth in sales volume was up 5.5% compared with February’s pre-pandemic levels. In the three months to the…
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Sep- 2020 -18 SeptemberCoronavirus
UK retail sales rise for fourth consecutive month
August saw retail sales volumes increase by 0.8% when compared with July, marking the fourth consecutive month of growth. According to the latest figures from the Office of National Statistics (ONS), this resulted in an increase of 4% when compared with February’s pre-pandemic level of sales. The value of retail…
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16 SeptemberEconomy
UK inflation slumps to five-year low
The Consumer Prices Index (CPI) 12-month rate fell to 0.2% in August 2020, down from 1.0% in July, according to new data from the ONS. The ONS said falling prices in restaurants and cafes, arising from the Eat Out to Help Out Scheme, resulted in the largest downward contribution (0.44…
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15 SeptemberCoronavirus
Unemployment rate rises to 4.1% in July
The rate of unemployment in the UK increased 0.2% to 4.1% in the two months to July 2020, according to the ONS. The UK economic inactivity rate was also estimated at a joint record low of 20.2%, 0.6 percentage points lower than the previous year and 0.3 percentage points lower…
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