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20/06/2002
UK shopping spree falters in May
The UK shopping spree is showing signs of slowing down as retail sales slid by 0.6% in May.
The latest figures released by the Office for National Statistics indicate that the fall was mainly attributed to a decline in clothing and shoe sales during the period.
The fall was larger than many analysts had anticipated, but comes on the back of several reports indicating that economic recovery may be some way off.
While the housing market is beginning to show signs of a slowdown, the retail sales boom, a sector which has been viewed as largely responsible for holding up a shaky UK economy, was considered to be vital in sustaining the economy.
The surprise fall in sales followed a period of growth in April when figures were revised upwards.
However, it is thought that the Bank Holidays in May have contributed to the decline in sales. Also a possible factor was the unseasonably wet period of weather which may have depressed clothing and footwear sales.
(SP)
The latest figures released by the Office for National Statistics indicate that the fall was mainly attributed to a decline in clothing and shoe sales during the period.
The fall was larger than many analysts had anticipated, but comes on the back of several reports indicating that economic recovery may be some way off.
While the housing market is beginning to show signs of a slowdown, the retail sales boom, a sector which has been viewed as largely responsible for holding up a shaky UK economy, was considered to be vital in sustaining the economy.
The surprise fall in sales followed a period of growth in April when figures were revised upwards.
However, it is thought that the Bank Holidays in May have contributed to the decline in sales. Also a possible factor was the unseasonably wet period of weather which may have depressed clothing and footwear sales.
(SP)
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03 August 2005
‘Tough' trading conditions continue on High Streets
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‘Tough' trading conditions continue on High Streets
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
