Thursday, May 28, 2009

Not such a great recovery…..

UK retail sales fall in May

''Retail sales fell in May following a robust performance a month earlier, but still remain surprisingly strong compared to other parts of the economy. In the first half of May, 31 per cent of retailers said year-on-year sales volumes were up, while 48 per cent said they had fallen, according to the CBI’s monthly survey of distributive trades.''

Posted by hpwatcher @ 12:37 PM (1011 views)
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6 thoughts on “Not such a great recovery…..

  • japanese uncle says:

    I recently bought a few electric appliances all at 50% discounts. (Viva deflation!!) Thus fall in retail sales amount means much bigger fall in QTY, undoubtedly.

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  • japanese uncle says:

    Correction.

    Pls read, big increase in the sales QTY could not offset the impact of the price discounts.

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  • Fallingknife says:

    Interest rates will have to go up, I wonder what will happen to retail sales then.

    Also I saw some stat on the increase in buy now pay later – massive increase year on year, can’t remember the exact %. Just storing up more problems for next year, when rates will almost certainly have gone up by a percent or two and unemployment another million, sadly.

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  • The Retailer says:

    Oh really ….this is not the case for anyone I know ,but when you consider food has gone up 14% + in the last year and accounts along with petrol for the vast amount of retail sales ,that leaves the non food/petrol sector taking a massive hit ,in other words if food accounts for 70% of the sector and has 14% inflation it has to then take 79.8% to stand , leaving the non food sector taking 20.02% down from 30% (assuming the the total overall spend is static ) thats a 33% loss of turn over ,and thats about where we are at the moment.

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  • I just bought a Linn Sondek on eBay. It cost £500. Somewhat more than the £350 it cost new 27 years ago

    In celebration, I am playing my ‘Grease’ LP from 1978

    …oh Sandy…

    Not in the league of Crunchy with his Kipling

    Enjoy your new gizzmos JU

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  • More bulls**t.

    How can you produce May’s figures on the 28th of the month?

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