Arab Today, arab today uk retail sales rise 06 in december
Last Updated : GMT 10:54:55
Arab Today, arab today
Arab Today, arab today

UK retail sales rise 0.6% in December

Arab Today, arab today

Arab Today, arab today UK retail sales rise 0.6% in December

London - Arabstoday

UK retail sales volumes rose by 0.6% between November and December, official figures show, after heavy discounting by stores. The Office for National Statistics (ONS) also said that sales were 2.6% higher than December 2010. The November\'s figure was revised down to show a fall of 0.5%, rather than the 0.4% originally estimated. Retailers, including Marks and Spencer, have said that they marked prices down sharply in the run-up to Christmas. The increase in the volume of sales removes the effect of inflation. The figures are also seasonally adjusted to try to counter the annual upwards bounce caused by the Christmas spending spree. The sales rise in December was largely driven by clothing and footwear sales, which was 1.8% higher compared with a year ago. But spending on household goods was 2.4% below last year\'s levels, the biggest drop since April 2010. Administration Christmas trading was a mixed bag for retailers, with Debenhams reporting flat sales. But High Street electronics and entertainment retailers, including Dixons, Comet, HMV and Game, reported sharp annual falls in sales, as did supermarket chain Tesco. Chains including fashion retailer Peacocks, lingerie firm La Senza and outdoor specialist Blacks Leisure fared worse and are now in administration. Howard Archer, from IHS Global Insight, said the figures provided some hopes that the UK economy grew in the last three months of 2011: \"The 0.6% increase in retail sales volumes in December boosts hopes that the economy avoided contraction in the fourth quarter of 2011.\" But he added that sales could have been boosted by opportunistic spending. \"The risk remains that pressurised and worried consumers will put away their purses and wallets and hunker down for an extended period, after a late flurry of spending in the run-up to Christmas and then taking advantage of the best of the bargains in the clearance sales.\" Richard Barwell, from RBS said the data suggested inflation had further to fall, something the Bank of England has been predicting would happen. \"We thought that [sales] volumes would be supported by heavy discounting and that is broadly what we are seeing - firms are being squeezed, they are cutting prices,\" he said. \"The good news is around inflation. We think finally the Bank [of England] is going to be validated on inflation.\" The official inflation figures out earlier this week showed a fall in the Consumer Prices Index from 4.8% to 4.2%.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uk retail sales rise 06 in december Arab Today, arab today uk retail sales rise 06 in december

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uk retail sales rise 06 in december Arab Today, arab today uk retail sales rise 06 in december

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Writing's on the wall for Trump, Zuckerberg

GMT 09:05 2017 Thursday ,19 October

Writing's on the wall for Trump, Zuckerberg
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday