Arab Today, arab today uk retail sales rise 06 in december
Last Updated : GMT 05:18:07
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

 



Arab Today, arab today

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 France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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