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scottbeard

If You Want An Easy Demonstration That "green Shoots" Are A Load Of Rubbish

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1. Strong rise in July retail sales

2. Public sector borrowing soaring

I wonder where the money is coming from for that rise in sales, and I wonder how long it will last? Not long, one suspects.

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Guest DissipatedYouthIsValuable

But I just had to have that Margaritaville, and the taxpayers think I'm worth it.

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1. Strong rise in July retail sales

2. Public sector borrowing soaring

I wonder where the money is coming from for that rise in sales, and I wonder how long it will last? Not long, one suspects.

Maybe the two are linked. Conventional wisdom is that people hold off purchases in deflation. But people expect prices to rise due to soaring debt and the eventual collapse of Sterling so they are buying stuff while they still can. Particularly true for cars which probably accounts for much of the sales rise due to purchase price being subsidised by my grandchildren.

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Maybe the two are linked. Conventional wisdom is that people hold off purchases in deflation. But people expect prices to rise due to soaring debt and the eventual collapse of Sterling so they are buying stuff while they still can. Particularly true for cars which probably accounts for much of the sales rise due to purchase price being subsidised by my grandchildren.

Clothing helps retail sales jump 3.3% in July

Source: Marketing Week | Author: Rosie Baker | Published: 20 August 2009 12:15

Retail sales rose 3.3% in July, the highest rise since May last year, driven by clothing and non-store sales, according to retail sales figures from the Office of National Statistics (ONS).

Sales of clothing and footwear sales saw the strongest growth with clothing performing particularly well, increasing 10.3% year on year, while non-store retail, which includes online and mail order sales, rose 12.9% year on year, continuing its strong performance.

Food store sales increased 2% year on year, and enjoyed the strongest growth since 2007 in the three months to July growing 1.4% across the period.

Homeware stores continued to struggle, dropping 1.3% year on year, and falling 5.5% in the three months to July.

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Total sales over the three months to July were up 1.6%.

http://www.mad.co.uk/Main/News/Articlex/d5...33-in-July.html

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Clothing helps retail sales jump 3.3% in July

Source: Marketing Week | Author: Rosie Baker | Published: 20 August 2009 12:15

Retail sales rose 3.3% in July, the highest rise since May last year, driven by clothing and non-store sales, according to retail sales figures from the Office of National Statistics (ONS).

Sales of clothing and footwear sales saw the strongest growth with clothing performing particularly well, increasing 10.3% year on year, while non-store retail, which includes online and mail order sales, rose 12.9% year on year, continuing its strong performance.

Food store sales increased 2% year on year, and enjoyed the strongest growth since 2007 in the three months to July growing 1.4% across the period.

Homeware stores continued to struggle, dropping 1.3% year on year, and falling 5.5% in the three months to July.

Banner Ad

Total sales over the three months to July were up 1.6%.

http://www.mad.co.uk/Main/News/Articlex/d5...33-in-July.html

I suppose food and clothes eventually need to be bought even in a depression. I'm surprised car sales don't merit a mention since these are definately up.

Do tin foil hat and baked bean sales account for the retail recovery ?

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