Business Advice for all UK firms from starting a business to flotation
High street sales rise again
High street sales rose at their fastest rate in six years, according to data released by the Confederation of British Industry (CBI).
Retail sales also increased year on year for the third consecutive month and the retail industry expects another strong rise next month.
60% of retailers surveyed by CBI said that the volume of sales rose during September, while 11% said that it fell, giving a balance of +49%. This was the highest since May 2004 and is much better than analysts had forecast.
"Retailers expect sales growth to continue next month and, as we get closer to January, sales will be helped by households seeking to beat the VAT rise," said Ian McCafferty, CBI chief economic adviser.
Post Date: September 28th, 2010
Retail sales also increased year on year for the third consecutive month and the retail industry expects another strong rise next month.
60% of retailers surveyed by CBI said that the volume of sales rose during September, while 11% said that it fell, giving a balance of +49%. This was the highest since May 2004 and is much better than analysts had forecast.
"Retailers expect sales growth to continue next month and, as we get closer to January, sales will be helped by households seeking to beat the VAT rise," said Ian McCafferty, CBI chief economic adviser.
»
- Login or register to post comments
- Printer friendly version
Post Date: September 28th, 2010
.
.
Accounting Advice | Banking & Finance | Business Continuity | Entrepreneurs | HR/Payroll Advice Insurance Advice | International Trade
Internet Advice I.T. Advice | Legal Advice | Marketing Advice | Office Management | Pensions & Benefits Property/Relocation | Recruitment Advice
Starting a Business | Telecommunications | Training/Education Travel Advice | Utilities Advice | Vehicles
copyright © 1998-2018 Newbusiness.
Homepage | Terms & Conditions | Copyright & Trademarks | Privacy Policy | Sitemail & Forum Policy | Sitemap