Computop figures show UK growth
Christmas comes early in the UK as online revenue grows by 13%, compared to 7% for the Eurozone, according to latest statistics from Computop. Findings from the German payment service provider also show 27% growth in UK online sales for November, compared with the same month last year. Online sales in the UK also outstrip those in the Eurozone by almost half between October and November 2012.
Meanwhile, online sales in the Eurozone are stagnant. Orders only grew by 1%, whilst average basket values decreased by 1%. The industry to take the largest hit is the automotive sector with 8% decrease in orders and a 4% drop in turnover. Nevertheless, sectors weathering the storm are food (+7%), health and beauty (+4%). Electronics was by far the most buoyant sector, achieving 16% growth in turnover. Fashion and lifestyle products also demonstrated healthy turnover in November 2012, showing 12% and 11% respective growth.
Despite witnessing significantly more growth than the Eurozone, the UK also shows a 22% drop in basket values compared to November 2011, meaning that overall turnover for UK retailers dropped by 4%.
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