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12/10/2001
US retail sales fall as consumers hold back
As widely feared, retail sales in the US took a dive in September as consumer confidence was dented by the terrorist attacks last month.
The latest retail sales figures available indicate that in September sales dipped by 2.4 per cent. This was a much bigger slide than had been anticipated as is the worst fall in retail sales in almost ten years.
On the release of the figures, the US dollar fell sharply against a basket of foreign currencies.
Among the worst affected areas are major clothing and department stores. Other retail sectors hard-hit by the retail slump are cars and luxury goods. Car sales in the US have fallen by 4.6 per cent, while other sectors such as hospitality and clothes have seen a fall of around 5 per cent. But most worryingly “e-tailers” have reported a dip of 8 per cent in their September sales as consumers hold back on spending in the current climate of economic uncertainty.
However, some staple product sectors, such as food and fuel were, up on the previous month.
Government figures released also revealed that producer material supply prices had risen last month, fuelling fears that manufacturing costs to businesses could increase further. (SP)
The latest retail sales figures available indicate that in September sales dipped by 2.4 per cent. This was a much bigger slide than had been anticipated as is the worst fall in retail sales in almost ten years.
On the release of the figures, the US dollar fell sharply against a basket of foreign currencies.
Among the worst affected areas are major clothing and department stores. Other retail sectors hard-hit by the retail slump are cars and luxury goods. Car sales in the US have fallen by 4.6 per cent, while other sectors such as hospitality and clothes have seen a fall of around 5 per cent. But most worryingly “e-tailers” have reported a dip of 8 per cent in their September sales as consumers hold back on spending in the current climate of economic uncertainty.
However, some staple product sectors, such as food and fuel were, up on the previous month.
Government figures released also revealed that producer material supply prices had risen last month, fuelling fears that manufacturing costs to businesses could increase further. (SP)
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17 January 2002
Retail sales down for first time in 20 months
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Retail sales down for first time in 20 months
Despite the current high street spending spree, UK retail sales during December were down for the first month since April 2000. Releasing the figures, the Office for National Statistics (ONS) said that the decrease – of 0.3 per cent – occurred because the previous month’s sales volumes had been extremely strong.
15 November 2001
UK retail sales fall in October
The latest figures from the Office for National Statistics (ONS) has revealed that UK retail sales fell by 0.1 per cent in October. Despite the fall in high street sales in October the ONS said the underlying growth rate remains healthy.
UK retail sales fall in October
The latest figures from the Office for National Statistics (ONS) has revealed that UK retail sales fell by 0.1 per cent in October. Despite the fall in high street sales in October the ONS said the underlying growth rate remains healthy.
02 April 2002
CBI survey reveals shop sales remain strong
Retail sales remained strong in March but the annual rate of increase has edged down from the peaks over Christmas and the New Year, according to the CBI's latest monthly distributive trades survey. The survey, released on Tuesday April 2, was conducted between 5 and 20 March 2002 with 268 retail outlets taking part.
CBI survey reveals shop sales remain strong
Retail sales remained strong in March but the annual rate of increase has edged down from the peaks over Christmas and the New Year, according to the CBI's latest monthly distributive trades survey. The survey, released on Tuesday April 2, was conducted between 5 and 20 March 2002 with 268 retail outlets taking part.
03 July 2002
UK retail sales growth slowest for 18 months
Retail sales grew at the slowest rate for 18 months in the year to June according to the latest CBI figures published on Wednesday July 3. The CBI said the findings support the May survey which suggested a slowdown in the growth of spending was starting to take effect.
UK retail sales growth slowest for 18 months
Retail sales grew at the slowest rate for 18 months in the year to June according to the latest CBI figures published on Wednesday July 3. The CBI said the findings support the May survey which suggested a slowdown in the growth of spending was starting to take effect.
16 April 2002
Retail sales register strong growth during March
The British Retail Consortium (BRC) has said that the UK's retail sales recorded their strongest growth in six years during March, according to the latest figures. The BRC said like-for-like sales rose by 7.5 per cent compared to the previous year, while vibrant shopping during the Easter holiday weekend helped sustain the numbers.
Retail sales register strong growth during March
The British Retail Consortium (BRC) has said that the UK's retail sales recorded their strongest growth in six years during March, according to the latest figures. The BRC said like-for-like sales rose by 7.5 per cent compared to the previous year, while vibrant shopping during the Easter holiday weekend helped sustain the numbers.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
