Friday, Jan 19, 2007
How high will IRs have to go?
Sharecast: Bumper Christmas as retail sales jump
LONDON (SHARECAST) - Britain’s high street enjoyed a bumper Christmas according to the latest official survey putting in its best performance for more than 18 months.
The Office for National Statistics said retail sales rose 1.1% in December, the biggest monthly rise since June 2005 and more than double the 0.5% rise expected.
Posted by tyrellcorporation @ 12:49 PM (221 views) Add Comment
8 Comments
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1. headmelter said...
This one finished with an interesting salvo.
"The figures indicate that another rate rise could be on the cards as early as next month, which would see interest rates at their highest level since April 2001."
And I would say maybe even higher.
2. talking rot said...
I seem to remember predictions that Christmas 2006 sales figures would be the worst for 25 years. What I can not understand is why there is a huge difference between respectable economics organisations and reality. Any clues?
3. enuii said...
I personally had a good xmas splurge before reigning in spending for 2007 once it was over. I suspect many others will be doing the same and fully expect Jan and Feb retail sales to be lower year on year.
4. Dohousescrashinthewoods said...
Personally I thought the Christmas shopping crowds were pretty sparse and I know a few who thought likewise.
Are these reports really giving a true sense of the outcome?
5. Rimmer said...
Still think 8% is on the cards!
6. The Capitalist said...
Not related but repos galore on this devpt
http://www.rightmove.co.uk/action/publicsite.PropertySearch
7. talking rot said...
The Capitalist
How can you tell if the homes advertised on RightMove are repos or not? If the home is currently vacant, there is only a small chance that it is a repo. For example, previous owner deceased; current owner in rented accommodation; BTL investor selling a property to reduced leverage on other properties etc
How can you tell?
I seem to recall that Banks etc do NOT sell repo-s through standard Estate Agents. This would be bad for business as it would advertise how many repo-s are coming onto the market. So I think it is unusual to find one on RightMove.
(PS Your link has expired and merely redirects to the RightMove homepage).
8. japanese uncle said...
One thing I can say is that the Old Lady's practice of increasing the base rate by 0.25 percentage points notch has twice as big impact at 5% level than at 10% level. And it will be increased again in February! Furthermore, salvos of guns from the 'Fleet Street' big name battleships to drive fear and maximize the impact on the poor ignorant common souls who are just dragged around by the neck, pale out of sheer fear. Knowledge is power at all times.