interestrateripoff Posted August 15, 2013 Share Posted August 15, 2013 http://uk.reuters.com/article/2013/08/15/uk-britain-retail-idUKBRE97E0AZ20130815 Retail sales rose at their fastest annual rate in over two years in July as a heat wave boosted sales of barbecue food and outdoor items, adding to signs that third-quarter growth has got off to a strong start.Retail sales volumes jumped 1.1 percent on the month - almost twice as fast as expected - to give an annual rise of 3.0 percent, the highest since January 2011, official data showed on Thursday. Ten-year gilt yields briefly returned to a near two-year high after the data, as traders speculated the economy might recover faster than the Bank of England expects, triggering an earlier-than-planned interest rate rise. "Wow again. It's hard to remember the last time a UK data release wasn't stunningly positive," said Rob Wood, UK economist at Berenberg Bank. "Low interest rates, a sunnier outlook and rising house prices are getting consumers out consuming." Sales don't matter it's unemployment isn't it now for interest rates? Stunningly positive they should get him quoting on property. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted August 15, 2013 Share Posted August 15, 2013 Its camorons premature ejaculation. This time next year things wont look so rosy. Quote Link to comment Share on other sites More sharing options...
Errol Posted August 15, 2013 Share Posted August 15, 2013 It's hard to remember the last time a UK data release wasn't stunningly positive Presumably he has the memory of a goldfish? Quote Link to comment Share on other sites More sharing options...
jfk Posted August 15, 2013 Share Posted August 15, 2013 what a moron Quote Link to comment Share on other sites More sharing options...
motch Posted August 15, 2013 Share Posted August 15, 2013 must admit there seems to be plenty of little packets i'm delivering though the Royal Mail for the last few weeks. Quote Link to comment Share on other sites More sharing options...
chronyx Posted August 15, 2013 Share Posted August 15, 2013 must admit there seems to be plenty of little packets i'm delivering though the Royal Mail for the last few weeks. The internet has gone paper based? Quote Link to comment Share on other sites More sharing options...
MrPin Posted August 15, 2013 Share Posted August 15, 2013 Actually if sales were up by 1%, isn't that less than inflation, so people are buying less, or did I miss something? Quote Link to comment Share on other sites More sharing options...
MrPin Posted August 15, 2013 Share Posted August 15, 2013 Actually if sales were up by 1%, isn't that less than inflation, so people are buying less, or did I miss something? No I did miss something, it was 3% on the year, so bugger all growth then! Quote Link to comment Share on other sites More sharing options...
campervanman Posted August 15, 2013 Share Posted August 15, 2013 http://www.telegraph.co.uk/finance/economics/10244129/Britain-has-Alice-in-Wongaland-economy.html Alice in Wongaland Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 15, 2013 Share Posted August 15, 2013 our whole economy is weather dependent...and government handout based also. winters coming...better watch out. Quote Link to comment Share on other sites More sharing options...
billybong Posted August 15, 2013 Share Posted August 15, 2013 (edited) http:/ /uk.reuters.com/article/2013/08/15/uk-britain-retail-idUKBRE97E0AZ20130815 Retail sales rose at their fastest annual rate in over two years in July as a heat wave boosted sales of barbecue food and outdoor items, adding to signs that third-quarter growth has got off to a strong start. http:// www.theguardian.com/business/2013/aug/05/heatwave-fashion-sales-fall High street sales flattened in July as consumers put their feet up in the heatwave rather than going shopping, figures show. Retailers also appeared to lose out as a result of sporting triumphs for tennis player Andy Murray and England's cricketers that kept many viewers glued to their screens rather than out spending. Sales were negative compared with last year for two weeks of the month but surged in the final week after the main sporting fixtures finished, according to the BDO high street sales tracker on Monday. Just goes to show. Edited August 15, 2013 by billybong Quote Link to comment Share on other sites More sharing options...
motch Posted August 15, 2013 Share Posted August 15, 2013 The internet has gone paper based? someone has to physically deliver anything ordered online.. Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted August 15, 2013 Share Posted August 15, 2013 must admit there seems to be plenty of little packets i'm delivering though the Royal Mail for the last few weeks. A shipment has come in from Peru Quote Link to comment Share on other sites More sharing options...
motch Posted August 15, 2013 Share Posted August 15, 2013 A shipment has come in from Peru I'm with it now.. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted August 16, 2013 Share Posted August 16, 2013 http://www.telegraph...nd-economy.html Alice in Wongaland Partying like its 2007 Quote Link to comment Share on other sites More sharing options...
winkie Posted August 16, 2013 Share Posted August 16, 2013 Must be all the savers spending their dosh before it either becomes worthless or they find it bailed-in to a bank and the card stops working. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.