Thursday, December 18, 2008

Hmmmm?

Retail sales unexpectedly rise 1.5% in November

Official figures this morning showed an unexpected rise of 1.5 per cent in retail sales in the UK last month. British retail sales rose 0.3 per cent in November, and are up 1.5 per cent on last year, according to the Office for National Statistics. A 3.9 per cent rise in sales of household goods, the biggest monthly increase since July 2007, fuelled the growth. Food sales were up 0.2 per cent, but clothing and footwear sales dropped 0.5 per cent.

Posted by flintster1994 @ 11:01 AM (3581 views)
Please complete the required fields.



11 thoughts on “Hmmmm?

  • These stats must be suspect. eople are surely maxed out. Or is the final blow off before the real pain begins in 2009?

    Reply
    Please complete the required fields.



  • Oh well. Let’s slash interest rates anyway.

    Reply
    Please complete the required fields.



  • As the pound has fallen so dramatically it now makes sense for holders of other currencies to do their shopping in the UK. Our number one industry wants to live!

    Reply
    Please complete the required fields.



  • What holding out says.

    Newly unemployed foreign bankers are buying cheap Christmas presents before leaving London for good.

    I’d like to see a regional breakdown of those figures. If it really is tourists then only some areas will be doing well.

    Reply
    Please complete the required fields.



  • I’ve always thought it rather silly and perverse that the amount of stuff we buy should continually increase year on year, otherwise we are in recession.

    The British Retail Consortium figures appear to be based on the premise that “if we’re not making more and more profit each year, something has to be done!”

    Reply
    Please complete the required fields.



  • Every Christmas for the last 5 years we’ve had announcements about retailers struggling… and every year by the time the figures are out in January… they’ve done ok!

    I really wouldn’t be surprised if they ended up doing OK this year as well.

    Reply
    Please complete the required fields.



  • What most people don’t realise is that in real terms a 1.5% rise is a fall in real terms, even when you use the government’s own inflation figures.

    The only reason retail sales have shown a small rise on last year is down to foreign shoppers exploiting the weak pound.

    Reply
    Please complete the required fields.



  • This is rubbish – utter Fudge rubbish.

    Reply
    Please complete the required fields.



  • 5. paul said…

    “I’ve always thought it rather silly and perverse that the amount of stuff we buy should continually increase year on year, otherwise we are in recession.”

    And that’s the key to everything, Paul, not just retail. Why does our economy work like that, and does it have to?

    Reply
    Please complete the required fields.



  • Eternal Sceptic says:

    Could it be that the real rate of inflation has finally burst on the scene and the spinologists suffered an early release of data. A bit like knife crime a few days ago.

    Reply
    Please complete the required fields.



  • We are talking VOLUME not price.

    I went shopping last week and was amazed at the price reductions- I almost wanted to pay them more than they wanted for their goods but managed to hold myself back.

    AND that is not counting twofors and BOGOF – all increase sales VOLUME presumably but do not help the cash position.

    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>