Posts Tagged ‘retail sales’
High street spending recovers as shoppers return
The quarterly Confederation of British Industry (CBI) report has revealed shoppers returned the High Street in their droves in February after UK retailers reported their strongest growth in sales volumes for two years in early February.
The CBI also believes further growth will be experienced in March as consumers begin to loosen their purse strings.
According to [...]
Japanese factory output and retail sales gain
The recovery in the world’s second largest economy appears to be gathering strength after figures revealed a rise in industrial output and retail sales.
Official figures have today revealed retail sales rose last month for the first time since August 2008.
According to the Economics Ministry, retail sales were up 2.6% from a year earlier. However, [...]
UK retail sales slip due to January snowfall
As expected, the snowy and icy conditions experienced in the UK in January has resulted in a fall in retail sales.
The severe wintry weather drove shoppers away from the High Street and resulted in a 1.8% fall in retail sales – the sharpest drop in 18 months.
The official figures, from the Office for National Statistics, [...]
US retail sales up 0.5%, consumer confidence down
The Commerce Department has revealed a better-than-expected 0.5% rise in January retail sales compared with the previous month, suggesting a strong economic recovery.
The figures follow on from the 0.1% fall in December but on an annual basis, sales were up by 4.7%.
Retail sales are closely monitored because consumer spending makes up for more than [...]
Euro zone interest rates on hold at 1%
The European Central Bank (ECB) today elected to keep interest rates on hold at the historic low of 1% for the ninth consecutive month, as widely expected.
Interest rates are expected to remain on hold for the long-term as a result of uneven growth and low inflation.
The euro zone as a whole emerged from recession in [...]