Thursday, May 18, 2006

Retail sales recovered in April alleviating pressure for a near-term hike in interest rates

Retail sales data shows recovery

Howard Archer, chief European economist at research firm Global Insight stated that after consumers has taken a breather earlier in the year had returned to a limited extent. Sales in the three months to the end of April were up by 0.1%.

Posted by denzil @ 12:28 PM (653 views)
Please complete the required fields.



6 thoughts on “Retail sales recovered in April alleviating pressure for a near-term hike in interest rates

  • Uncle Fargas says:

    This would surely increase the likelyhood of a ‘rate hike’ not alleviate it?

    Reply
    Please complete the required fields.



  • >>This would surely increase the likelyhood of a ‘rate hike’ not alleviate it?

    Not if you are Howard Archer. Archer to my way of thinking is constantly well off the mark and blindly optimistic. I’m not an economist so I will bow to his judgement but I can’t help thinking that he’s talking rot.

    Reply
    Please complete the required fields.



  • Surfgatinho says:

    I think I might apply for a job in the economics dept of the BBC – I’m sure I could edit the utter chaf out better than the current management do.
    As Uncle Fargas points out strong sales should have the opposite effect. How many times have we heard the the Retail Consortium asking for a lowering in IRs due to weak sales??

    Reply
    Please complete the required fields.



  • Tyrellcorporation says:

    It’s that pesky ‘0.1%’ again! The most widely used stat in economics today!!!

    Reply
    Please complete the required fields.



  • >>It’s that pesky ‘0.1%’ again!
    Yep. I’m going to start placing bets on stats. That 0.1% is just too common to be true.

    Reply
    Please complete the required fields.



Add a comment

  • 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

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>