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Sept retail sales +0.6%
HAMISH_MCTAVISH
Posts: 28,592 Forumite
As per title.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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(Reuters) - Retail sales grew more than expected in September after a surprise increase in sa les of laptops and video games, the Office for National Statistics
said on Thursday.
The ONS said sales volumes including automotive fuel rose by 0.6 percent on the month after a fall of 0.4 percent in August, giving an annual rise of 0.6 percent. Analysts had forecast flat sales on the month and an annual rise of 0.7 percent.
Excluding fuel, retail sales went up 0.7 percent on the month and were 0.4 percent higher on the year, above analyst s' expectations for the monthly rise.
The figures offer a rare bit of good news for British retailers which otherwise have been struggling. Rising prices, muted wage growth and government austerity measures have forced shoppers to rein in purchases not only of non-essential goods but also of groceries, traditionally the most resilient area of spending.
Sales at 'other stores' rose by 2.3 percent on the month, the biggest increase since October 2010, which the ONS said was largely down to back-to-school sales of laptops and a number of big video game launches.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Back to school sales of laptops?!
Blimey, if I was lucky I got a new plastic protractor, a new pencil case, and a pocket sized collins dictionary which seemed to be the ultimate requirement but never used.0 -
Retail up in September...
Or Retail down in September...
https://forums.moneysavingexpert.com/discussion/35392370 -
Wow! Kids go back to school and shops see more spending? Who would have thought!0
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Mallotum_X wrote: »Retail up in September...
Or Retail down in September...
https://forums.moneysavingexpert.com/discussion/3539237
The difference is that the BDO measure compares 'like-for-like', that is they attempt to measure the total amount spent in stores that were open last year and also this.
The ONS attempts to measure the total amount of money spent on retail products in the economy as a whole.
From the ONS:- Headline: Value of retail sales in September 2011 showed an increase of 5.4 per cent compared with September 2010.*
- Headline: Sales volumes in September 2011 increased by 0.6 per cent compared to September 2010.*
- Non-store retailing and automotive fuel both saw sales volumes increase compared to September 2010 by 15.5 and 2.8 respectively.
- Textile, clothing and footwear sales volumes fell 2.1 per cent compared to September 2010, the largest fall since April 2008.
- Non-seasonally adjusted year-on-year sales volumes in large and small stores increase by 0.2 and 2.1 per cent respectively.
One thing the ONS figures won't capture is people going abroad to buy stuff. My guess is that purchases by Britons in the Eurozone will have fallen but quite possibly, purchases from US websites will have risen. It's impossible for me to say with any certainty though.
*The difference between these 2 figures is inflation in retail items. It is different to general measures of inflation as it doesn't include, amongst other things, utility bills, housing costs & transport.0 -
Wow! Kids go back to school and shops see more spending? Who would have thought!
Wow! Kids went back to school in a different month last year? Who would have thought?
-Sales volumes in September 2011 increased by 0.6 per cent compared to September 2010“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Do parents really buy a load of laptops in September for 'back to school'? Beats the trips down to Woolies at the end of August we used to do, a new pencil case and some Stablio Boss highlighters if i was very lucky or some woolies own brand ones if not (usually the crappy own brand ones!).
Intersting to see petrol increased in volume, year on year, there had been quite a few items in the news lately about drops in fuel use.0 -
HAMISH_MCTAVISH wrote: »Wow! Kids went back to school in a different month last year? Who would have thought?
-Sales volumes in September 2011 increased by 0.6 per cent compared to September 2010
A massive 0.6 compared to last year. Maybe there are plenty more sales on this year to tempt people. Afterall the high street is struggling and will do anything for a sale.
Oh dear....
Argos-owner Home Retail Group sees profits fall sharply
http://www.bbc.co.uk/news/business-153641840 -
Oh dear....
Argos-owner Home Retail Group sees profits fall sharply
http://www.bbc.co.uk/news/business-15364184
Not exatly a big suprise, they havent been doing too well for a while.
It wasnt Argos selling all those Laptops then!0 -
Mallotum_X wrote: »Not exatly a big suprise, they havent been doing too well for a while.
It wasnt Argos selling all those Laptops then!
Probably not. Their refund policy is crap for a start0
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