Thursday, May 28, 2009
Not such a great recovery.....
FT.com: UK retail sales fall in May
''Retail sales fell in May following a robust performance a month earlier, but still remain surprisingly strong compared to other parts of the economy.
In the first half of May, 31 per cent of retailers said year-on-year sales volumes were up, while 48 per cent said they had fallen, according to the CBI’s monthly survey of distributive trades.''
Posted by hpwatcher @ 12:37 PM (594 views) Add Comment
6 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. japanese uncle said...
I recently bought a few electric appliances all at 50% discounts. (Viva deflation!!) Thus fall in retail sales amount means much bigger fall in QTY, undoubtedly.
2. japanese uncle said...
Correction.
Pls read, big increase in the sales QTY could not offset the impact of the price discounts.
3. Fallingknife said...
Interest rates will have to go up, I wonder what will happen to retail sales then.
Also I saw some stat on the increase in buy now pay later - massive increase year on year, can't remember the exact %. Just storing up more problems for next year, when rates will almost certainly have gone up by a percent or two and unemployment another million, sadly.
4. The Retailer said...
Oh really ....this is not the case for anyone I know ,but when you consider food has gone up 14% + in the last year and accounts along with petrol for the vast amount of retail sales ,that leaves the non food/petrol sector taking a massive hit ,in other words if food accounts for 70% of the sector and has 14% inflation it has to then take 79.8% to stand , leaving the non food sector taking 20.02% down from 30% (assuming the the total overall spend is static ) thats a 33% loss of turn over ,and thats about where we are at the moment.
5. robh said...
I just bought a Linn Sondek on eBay. It cost £500. Somewhat more than the £350 it cost new 27 years ago
In celebration, I am playing my 'Grease' LP from 1978
...oh Sandy...
Not in the league of Crunchy with his Kipling
Enjoy your new gizzmos JU
6. mr g said...
More bulls**t.
How can you produce May's figures on the 28th of the month?