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20/08/2009
Retail Boost As Mortgage Approvals Rise
UK retail sales in July rose by 3.3%, compared with the same month last year, the latest figures have revealed - and mortage approvals are also slowly increasing.
The Office for National Statistics reported that the biggest increase in sales were seen in clothing and footwear stores, with sales rising by 10.3%.
Sales of household goods also increased by 4.5%, driven by mainly furniture and electrical goods sales, which was the highest rise since August 2006.
Speaking to the BBC, Vicky Redwood at Capital Economics said that the "a decent amount of positive momentum" had built up around the retail sector and that it could last for a few more months.
But she warned that the outlook for the longer term remained "gloomy", with the prospect of tax rises in the future.
Other positive news shows that lending for home loans totalled an estimated £16 billion in July, a 26% increase from £12.7 billion in June but down 36% from £24.9 billion in July 2008.
The news is according to new data from the Council of Mortgage Lenders (CML).
See: Mortgage Lending Slowly Rising
(KMcA/BMcC)
The Office for National Statistics reported that the biggest increase in sales were seen in clothing and footwear stores, with sales rising by 10.3%.
Sales of household goods also increased by 4.5%, driven by mainly furniture and electrical goods sales, which was the highest rise since August 2006.
Speaking to the BBC, Vicky Redwood at Capital Economics said that the "a decent amount of positive momentum" had built up around the retail sector and that it could last for a few more months.
But she warned that the outlook for the longer term remained "gloomy", with the prospect of tax rises in the future.
Other positive news shows that lending for home loans totalled an estimated £16 billion in July, a 26% increase from £12.7 billion in June but down 36% from £24.9 billion in July 2008.
The news is according to new data from the Council of Mortgage Lenders (CML).
See: Mortgage Lending Slowly Rising
(KMcA/BMcC)
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14 August 2013
Scottish Sales 'Outpace UK Sales' In July
The latest SRC-KPMG Scottish Retail Sales Monitor has revealed that Scottish sales outpaced its UK counterpart for the month of July. It is thought Andy Murray's triumph at Wimbledon, as well as the sustained period of hot weather combined to give Scotland's high streets their best performance for two years.
Scottish Sales 'Outpace UK Sales' In July
The latest SRC-KPMG Scottish Retail Sales Monitor has revealed that Scottish sales outpaced its UK counterpart for the month of July. It is thought Andy Murray's triumph at Wimbledon, as well as the sustained period of hot weather combined to give Scotland's high streets their best performance for two years.
28 March 2014
Retail Sales Bounce Back A 1.7% Rise In February
Retail sales increased more than expected in February according the official figures recuperating their sales volumes until nearly 1.7% last month after the post-Christmas slump when it felt a 2%. In fact, February sales were 3.
Retail Sales Bounce Back A 1.7% Rise In February
Retail sales increased more than expected in February according the official figures recuperating their sales volumes until nearly 1.7% last month after the post-Christmas slump when it felt a 2%. In fact, February sales were 3.
19 September 2013
NSO Reports Surprise Fall In Retail Sales
The Office for National Statistics have reported a 0.9% fall in retail sales volumes in August, as opposed to 0.4% rise that analysts had predicted. Despite the fall sales volumes were still 2.1% higher than in the same period in 2012, when the Olympics affected spending.
NSO Reports Surprise Fall In Retail Sales
The Office for National Statistics have reported a 0.9% fall in retail sales volumes in August, as opposed to 0.4% rise that analysts had predicted. Despite the fall sales volumes were still 2.1% higher than in the same period in 2012, when the Olympics affected spending.
23 May 2012
ONS Reveal Fall In UK Sales
According to the Office for National Statistics (ONS) retail sales volumes fell by 2.3% in April, largely because of a record fall in petrol sales. In the aftermath of March’s petrol panic buying sales of fuel were down by 13.2% in April, and the months record rainfall also affected sales of clothing and footwear.
ONS Reveal Fall In UK Sales
According to the Office for National Statistics (ONS) retail sales volumes fell by 2.3% in April, largely because of a record fall in petrol sales. In the aftermath of March’s petrol panic buying sales of fuel were down by 13.2% in April, and the months record rainfall also affected sales of clothing and footwear.
25 March 2010
UK Retail Sales Jump
Retail sales between January and February grew by 2.1%, it was revealed today. It was the most significant upward trajectory since May 2008, when sales volume leaped by 2.9%. However, the Office of National Statistics said January data has been revised down, mainly due to late returns and revisions to existing data.
UK Retail Sales Jump
Retail sales between January and February grew by 2.1%, it was revealed today. It was the most significant upward trajectory since May 2008, when sales volume leaped by 2.9%. However, the Office of National Statistics said January data has been revised down, mainly due to late returns and revisions to existing data.
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