Thursday, Sep 19, 2013

Recovery has reached escape velocity.

BBC: UK retail sales in surprise August fall

How about we adjust there figures for population growth and inflation?
Retail sales volumes fell 0.9% in August according to the Office for National Statistics (ONS) - a surprise for analysts who had expected a rise of around 0.4%. The retail sector accounts for around 6% of the UK economy. (The government another 50%)
The economy grew by 0.7% in the second quarter of the year, according to the latest estimates.
Earlier this month, the OECD, an international organisation, said it now expected the UK to grow by 1.5% this year, up from the 0.8% growth it previously forecast.
Food sales fell by 2.7% in August compared with July. Last week supermarket Morrisons said higher levels of spending in London were not reflected in other areas.

Posted by khards @ 10:57 AM (1187 views)
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1 Comment

1. Hpwatcher said...

Not looking so good.

Thursday, September 19, 2013 01:01PM Report Comment

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