Retail sales up faster than forecast

first_img Tags: NULL Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo Retail sales up faster than forecast John Dunne whatsappcenter_img Show Comments ▼ RETAIL sales volumes rose nearly three times faster than economists had forecast in July, with almost all non-food sectors showing strong growth, according to official data.Public borrowing measures, meanwhile, were lower than a year ago but still the revealed the uphill task the government has to face to bring down a 2009/10’s record budget deficit.The Office for National Statistics said British retail sales rose 1.1 per cent in July, the strongest gain since February. Analysts had forecast a rise of 0.4 per cent on the month. On the year, sales were up 1.3 per cent versus forecasts for an annual rise of 0.6 per cent.Excluding fuel, retail sales rose 0.9 per cent on the month and were up 2.4 per cent on the year.The ONS said the gains on the month were driven by particularly strong rises in the ‘other stores’ and ‘non-store retailing’ categories.The former, which includes jewellers and sports good stores, rose by 6.1 per cent on the month.The government’s preferred measure on which fiscal forecasts are based, excluding financial sector interventions, came in at £3.8bn. Richard Lowe, Head of Retail and Wholesale at Barclays Corporate said:“Despite a strong month for sales volumes, retail sales remain broadly unchanged compared to the end of last year. Consumer confidence has weakened in recent months and this dip in confidence continues to weigh on High Street sales figures.“I can’t remember a summer when retailers have been so quiet. They are usually out commenting on sales of seasonal favourites such as ice-cream and barbeque weekends but this just hasn’t been happening.” whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Thursday 19 August 2010 5:06 amlast_img

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