Thursday, March 26, 2009
Annual Retail Sales Growth Slowest Since September 1995
Annual growth in total retail sales volume for February slowed, with falls between January and February in all sectors. The growth from February  to February  slowed to 0.4 per cent. There was a 1.9 per cent fall from January to February, where all sectors showed a fall in sales volumes. In the three months to February the seasonally adjusted index for the volume of retail sales increased 2.0 per cent over the previous three months. The three months to February compared with the same three months a year ago increased by 3.0 per cent. These increases are due to the strength in volume of retail sales in December and January.