Saturday, January 18, 2014
True or False – You Choose
Yesterday, the Office for National Statistics reported reported that retail sales rose at their fastest rate in nine years in December. According to the ONS, retail sales grew by 2.6 per cent month-on-month in December, which was well ahead of City expectations of 0.4 per cent. Commentators are "extremely sceptical" of the figures, pointing out that they did not tally with mixed reports from individual firms and last week's BRC survey. Elsewhere the ONS figures boosted the FTSE to an 8 month high offsetting Shells friday profit warning and increasing speculation of an early dash to the polls as the ONS figures bolstered hopes that the overall economy continued to grow strongly in the final quarter of 2013.