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19/09/2013
NSO Reports Surprise Fall In Retail Sales
The Office for National Statistics have reported a 0.9% fall in retail sales volumes in August, as opposed to 0.4% rise that analysts had predicted.
Despite the fall sales volumes were still 2.1% higher than in the same period in 2012, when the Olympics affected spending.
The largest growth was recorded for non-store retailing, such as online, but in-store continued to dominate the sector, with 83p in every pound spent being in shops.
The NSO figures are based on monthly surveys of 5,000 retailers and are used to gauge consumer confidence.
(MH/CD)
Despite the fall sales volumes were still 2.1% higher than in the same period in 2012, when the Olympics affected spending.
The largest growth was recorded for non-store retailing, such as online, but in-store continued to dominate the sector, with 83p in every pound spent being in shops.
The NSO figures are based on monthly surveys of 5,000 retailers and are used to gauge consumer confidence.
(MH/CD)
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18 January 2013
ONS Reveal 0.1% Fall In UK Retail Sales
Retail sales in the UK fell 0.1% in December, traditionally the busiest shopping month of the year. The new figures issued by the Office for National Statistics show the fall compared to December 2011, when sales rose a worse-than-expected 0.3% and highlight the ongoing difficulties facing the high street.
ONS Reveal 0.1% Fall In UK Retail Sales
Retail sales in the UK fell 0.1% in December, traditionally the busiest shopping month of the year. The new figures issued by the Office for National Statistics show the fall compared to December 2011, when sales rose a worse-than-expected 0.3% and highlight the ongoing difficulties facing the high street.
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Shoppers have continued to keep their spending in check despite recent signs of hope for the UK economy. According to The British Retail Consortium UK retail sales values were down 0.3% on a like-for-like basis from February 2011, when sales had fallen 0.4%. Total sales, including store openings, were up 2.3% but with inflation at 3.
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Strong retail sales growth stokes interest rate hike
The strong surge in retail sales revealed in the latest figures from the Office of National Statistics (ONS) has fuelled speculation that another interest rate rise is imminent. According to the ONS figures retail sales in the UK leapt 0.6% in January, raising sales to 6.4% above that of the previous year.
Strong retail sales growth stokes interest rate hike
The strong surge in retail sales revealed in the latest figures from the Office of National Statistics (ONS) has fuelled speculation that another interest rate rise is imminent. According to the ONS figures retail sales in the UK leapt 0.6% in January, raising sales to 6.4% above that of the previous year.
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Kingfisher sales up after Easter DIY boom
Kingfisher, the owners of BIY retail chain B&Q, has announced trading has been brisk for the first quarter to 3 May 2003, with retail sales up 9.2% to £2.6 billion, partly due to a flurry of spring DIY activity. B&Q's total sales grew by 12.8%, up 6.3% on a like-for-like basis, and this was reflected in the retail profit which was up 16.
Kingfisher sales up after Easter DIY boom
Kingfisher, the owners of BIY retail chain B&Q, has announced trading has been brisk for the first quarter to 3 May 2003, with retail sales up 9.2% to £2.6 billion, partly due to a flurry of spring DIY activity. B&Q's total sales grew by 12.8%, up 6.3% on a like-for-like basis, and this was reflected in the retail profit which was up 16.
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Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
