Thursday, March 30, 2006 

Independent: Housing recovery fades as retail sales and mortgage loans decline Hopes that a sustained rebound in the housing market would feed through to consumer spending faded yesterday, as figures showed a drop in retail sales and new mortgage approvals. The volume of high street sales fell for the third month in a row in March, according to a survey by the CBI, the employers' group. A balance of 16 per cent of retailers said sales were lower than a year ago, dashing hopes in February's survey of an improvement in March.
posted by Johnny  @ 8:33 AM 1 comments


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