We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
UK retail sales get World Cup boost in June
inspector_monkfish
Posts: 9,276 Forumite
09:30 22Jul10 - UK retail sales get World Cup boost in June
LONDON, July 22 - British retail sales volumes received a World Cup boost in June after strong sales of electrical goods drove a faster-than-expected 0.7 percent monthly rise, official data showed on Thursday.
The Office for National Statistics said sales volumes rose 1.3 percent on the year, also faster than the 1.0 percent gain expected after an upward revision to May's monthly reading to 0.8 percent from 0.6 percent.
The figures suggest consumer spending could give a decent boost to GDP growth in the second quarter, a first estimate of which will be released on Friday.
Household goods stores led the rise, with sales jumping by 1.6 percent on the month and 6.1 percent on the year -- their biggest annual increase since May 2008 -- as soccer fans splashed out on the latest technology for the World Cup tournament in South Africa.
Discounting by retailers also lured in shoppers, with many outlets bringing forward seasonal sales. The retail sales deflator, a measure of price inflation, eased to 1.3 percent on the year, barely half May's level and the lowest since November.
Excluding auto fuel, retail sales were up even more strongly, rising by 1.0 percent on the month and 3.1 percent on the year. Fuel sales are down 15.9 percent in volume terms compared with the same month last year.
LONDON, July 22 - British retail sales volumes received a World Cup boost in June after strong sales of electrical goods drove a faster-than-expected 0.7 percent monthly rise, official data showed on Thursday.
The Office for National Statistics said sales volumes rose 1.3 percent on the year, also faster than the 1.0 percent gain expected after an upward revision to May's monthly reading to 0.8 percent from 0.6 percent.
The figures suggest consumer spending could give a decent boost to GDP growth in the second quarter, a first estimate of which will be released on Friday.
Household goods stores led the rise, with sales jumping by 1.6 percent on the month and 6.1 percent on the year -- their biggest annual increase since May 2008 -- as soccer fans splashed out on the latest technology for the World Cup tournament in South Africa.
Discounting by retailers also lured in shoppers, with many outlets bringing forward seasonal sales. The retail sales deflator, a measure of price inflation, eased to 1.3 percent on the year, barely half May's level and the lowest since November.
Excluding auto fuel, retail sales were up even more strongly, rising by 1.0 percent on the month and 3.1 percent on the year. Fuel sales are down 15.9 percent in volume terms compared with the same month last year.
Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)
(MSE Andrea says ok!)
0
Comments
-
Was the electrical increase sales people putting their foot through their TV's after watching England.0
-
inspector_monkfish wrote: »
Household goods stores led the rise, with sales jumping by 1.6 percent on the month and 6.1 percent on the year -- their biggest annual increase since May 2008 -- as soccer fans splashed out on the latest technology for the World Cup tournament in South Africa.
.
so just before the last major football tournament then :cool:Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
GDP will be interesting tomorrow. I expect that will be the story of the day and may well have a positive impact on peoples sentiment.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards