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16/08/2012
Retail Sales On The Up
Hopes that the UKs recession may not be as deep as first thought have been raised following better-than-expected retail sales figures in July.
The Office for National Statistics said sales volumes in July rose by 0.3%, and were up 2.8% from last year.
It also revised June's monthly sales increase up to 0.8% from 0.1%.
Analysts now believe that initial estimates that the economy shrank by 0.7% in the April-to-June quarter are overly pessimistic.
Stronger rises in factory output and the construction sector, together with continued falls in unemployment, could mean national income as measured by gross domestic product (GDP) is not shrinking as quickly as first estimated.
(H/GK)
The Office for National Statistics said sales volumes in July rose by 0.3%, and were up 2.8% from last year.
It also revised June's monthly sales increase up to 0.8% from 0.1%.
Analysts now believe that initial estimates that the economy shrank by 0.7% in the April-to-June quarter are overly pessimistic.
Stronger rises in factory output and the construction sector, together with continued falls in unemployment, could mean national income as measured by gross domestic product (GDP) is not shrinking as quickly as first estimated.
(H/GK)
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The latest SRC-KPMG Scottish Retail Sales Monitor has revealed that Scottish sales outpaced its UK counterpart for the month of July. It is thought Andy Murray's triumph at Wimbledon, as well as the sustained period of hot weather combined to give Scotland's high streets their best performance for two years.
Scottish Sales 'Outpace UK Sales' In July
The latest SRC-KPMG Scottish Retail Sales Monitor has revealed that Scottish sales outpaced its UK counterpart for the month of July. It is thought Andy Murray's triumph at Wimbledon, as well as the sustained period of hot weather combined to give Scotland's high streets their best performance for two years.
25 March 2010
UK Retail Sales Jump
Retail sales between January and February grew by 2.1%, it was revealed today. It was the most significant upward trajectory since May 2008, when sales volume leaped by 2.9%. However, the Office of National Statistics said January data has been revised down, mainly due to late returns and revisions to existing data.
UK Retail Sales Jump
Retail sales between January and February grew by 2.1%, it was revealed today. It was the most significant upward trajectory since May 2008, when sales volume leaped by 2.9%. However, the Office of National Statistics said January data has been revised down, mainly due to late returns and revisions to existing data.
15 August 2013
Sunny Weather Boosts UK Sales
Sunny weather in July has been credited in part for aiding an economic boost within the retail industry. The findings were released today in a statistical bulletin by the Office for National Statistics. Estimates of retail sales for July showed continued growth in the quantity of bought goods.
Sunny Weather Boosts UK Sales
Sunny weather in July has been credited in part for aiding an economic boost within the retail industry. The findings were released today in a statistical bulletin by the Office for National Statistics. Estimates of retail sales for July showed continued growth in the quantity of bought goods.
06 August 2013
Best July Retail Results Since 2007
July saw the fastest retail growth in seven years, thanks to the heatwave, the British Retail Consortium (BRC) has said. July was also the third successive month of growth, according to the BRC. Like-for-like sales increased by 2.2% compared to the same period last year, figures from the BRG show. Online sales also increased by 7.
Best July Retail Results Since 2007
July saw the fastest retail growth in seven years, thanks to the heatwave, the British Retail Consortium (BRC) has said. July was also the third successive month of growth, according to the BRC. Like-for-like sales increased by 2.2% compared to the same period last year, figures from the BRG show. Online sales also increased by 7.
20 August 2009
Retail Boost As Mortgage Approvals Rise
UK retail sales in July rose by 3.3%, compared with the same month last year, the latest figures have revealed - and mortage approvals are also slowly increasing. The Office for National Statistics reported that the biggest increase in sales were seen in clothing and footwear stores, with sales rising by 10.3%.
Retail Boost As Mortgage Approvals Rise
UK retail sales in July rose by 3.3%, compared with the same month last year, the latest figures have revealed - and mortage approvals are also slowly increasing. The Office for National Statistics reported that the biggest increase in sales were seen in clothing and footwear stores, with sales rising by 10.3%.
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Northern Ireland WeatherToday:Fairly widespread areas of cloud at first but this should lift and break to allow for bright or sunny weather to develop through the afternoon. Light northeasterly winds. Maximum temperature 18 °C.Tonight:Dry and bright at first but some areas of low cloud developing and spreading west through the evening and overnight. Minimum temperature 8 °C.
