Thursday, August 17, 2006

Retail sales fall in July and June figure is revised downwards

High Street Sales Falter

Retail sales in British shops unexpectedly fell in July for the first time in six months and it could defuse calls for further increases in interest rates. The Office for National Statistics said sales volumes fell by 0.3% last month compared with expectations of a rise of 0.2%. June's rise was also revised lower to 0.7% from an initially reported 0.9%.

Posted by webmaster @ 10:36 AM (546 views)
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One thought on “Retail sales fall in July and June figure is revised downwards

  • When high street sales have a temporary blip the papers start hooting about dropping rates.
    When energy companies raise prices the papers keep very quiet about the effect on rates.

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