Friday, Feb 19, 2010
Consumer economy on slippery slope
BBC: UK retail sales suffer sharp fall on snowy weather
Poor winter weather drove UK retail sales down by 1.8% between December and January, the sharpest drop in 18 months, official figures have shown. The fall was more than three times faster than analysts had forecast.
Posted by jack c @ 10:05 AM (815 views) Add Comment
8 Comments
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1. Chester said...
That darn snow. No wonder Iceland has been having all those problems.
2. 51ck-6-51x said...
Jonathan Loynes, chief European economist at Capital Economics said, "Of course, we knew the January sales figures would be bad after the VAT rise and bad weather. But the drop is even worse than the retail surveys had suggested."
- yet the BBC still use the headline "UK retail sales suffer sharp fall on snowy weather" AND place a picture of snowy weather in the article AND start their summary, "Poor winter weather drove UK retail sales down".
Aside, RE Double dip.
The growth of 0.1% reported by the preliminary report from the NSO means there was probably growth, but not with a very high degree of confidence at all. For some information more detail on this see: http://www.statistics.gov.uk/articles/nojournal/QualityofEarlyGDP.pdf.
3. 51ck-6-51x said...
* "more detailed information" even.
4. Exiges said...
That's right.. it's the snow that's to blame.. nothing to do with people having no money..
5. rumble said...
The bloomberg same: .K. Retail Sales Drop Twice as Much as Forecast
6. paul said...
But inflation is rising in spite of falling sales?
Harare On Thames looms large ...
7. Cool_hand said...
BBC = Biased Broadcasting Company.
8. alan_540 said...
Brown's Boadcasting Corporation?