Menu
18/10/2001
Retail sales report reveals spending slowdown
The latest report on retail sales shows that High Street sales growth slowed in September.
The monthly report produced by the UK Office of National Statistics (ONS) revealed that sales grew by a modest 0.2 per cent on the August figures and were up 5.9 per cent on the same period last year.
While welcomed as positive news, after the terrorist attacks on the US and with general uncertainty in the wake of the attacks on Afghanistan, the UK retail sales figures are not as good as some analysts had anticipated. The 0.2 per cent growth indicates a sharp slow down in spending on the High Street and is on the lower side of sales predictions for September.
The report from the ONS revealed a drop in food sales and a rise in clothing sales, but leading analysts are at a loss to explain whether the change in spending patterns represent an actual slowdown in overall consumer spending.
However, taken over three months, a period considered to be a better indicator of consumer trends, there is a strong upward trend in consumer spending of around 6 per cent.
Prior to the release of the retail sale figures for the UK, the London stock market, in an apparent reaction to the anthrax scares in the UK, fell over 90 points in a frantic morning’s trading. (SP)
The monthly report produced by the UK Office of National Statistics (ONS) revealed that sales grew by a modest 0.2 per cent on the August figures and were up 5.9 per cent on the same period last year.
While welcomed as positive news, after the terrorist attacks on the US and with general uncertainty in the wake of the attacks on Afghanistan, the UK retail sales figures are not as good as some analysts had anticipated. The 0.2 per cent growth indicates a sharp slow down in spending on the High Street and is on the lower side of sales predictions for September.
The report from the ONS revealed a drop in food sales and a rise in clothing sales, but leading analysts are at a loss to explain whether the change in spending patterns represent an actual slowdown in overall consumer spending.
However, taken over three months, a period considered to be a better indicator of consumer trends, there is a strong upward trend in consumer spending of around 6 per cent.
Prior to the release of the retail sale figures for the UK, the London stock market, in an apparent reaction to the anthrax scares in the UK, fell over 90 points in a frantic morning’s trading. (SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
22 March 2002
Figures show retails sales on the rise
UK retails sales have exceeded analysts' forecasts, according to the latest official figures which show sales volumes growing at their fastest rate since January 2000. The data from the Office for National Statistics details that retails sales grew by 1.
Figures show retails sales on the rise
UK retails sales have exceeded analysts' forecasts, according to the latest official figures which show sales volumes growing at their fastest rate since January 2000. The data from the Office for National Statistics details that retails sales grew by 1.
21 February 2002
Retail slowdown after high spending Christmas
The latest figures from the Office of National Statistics has revealed that UK retailers saw high street retail sales slow after a high-spending December. However, while sales were still stronger than last year, UK retail spending fell 0.3 per cent during January from the previous month.
Retail slowdown after high spending Christmas
The latest figures from the Office of National Statistics has revealed that UK retailers saw high street retail sales slow after a high-spending December. However, while sales were still stronger than last year, UK retail spending fell 0.3 per cent during January from the previous month.
02 April 2002
CBI survey reveals shop sales remain strong
Retail sales remained strong in March but the annual rate of increase has edged down from the peaks over Christmas and the New Year, according to the CBI's latest monthly distributive trades survey. The survey, released on Tuesday April 2, was conducted between 5 and 20 March 2002 with 268 retail outlets taking part.
CBI survey reveals shop sales remain strong
Retail sales remained strong in March but the annual rate of increase has edged down from the peaks over Christmas and the New Year, according to the CBI's latest monthly distributive trades survey. The survey, released on Tuesday April 2, was conducted between 5 and 20 March 2002 with 268 retail outlets taking part.
15 January 2002
Tesco fail to match Sainsbury over Christmas period
Figures from Tesco have revealed that its Christmas sales growth failed to match that of archrival J. Sainsbury. Excluding takings from petrol stations, Tesco reported a 6.2 per cent rise in UK Christmas sales for the seven weeks ending on January 5 - compared to that of Sainsbury’s who had a rise of 6.8 per cent.
Tesco fail to match Sainsbury over Christmas period
Figures from Tesco have revealed that its Christmas sales growth failed to match that of archrival J. Sainsbury. Excluding takings from petrol stations, Tesco reported a 6.2 per cent rise in UK Christmas sales for the seven weeks ending on January 5 - compared to that of Sainsbury’s who had a rise of 6.8 per cent.
03 August 2001
Unilever announce first-half profit increase
Consumer goods giant Unilever have announced a 7 per cent rise in half-year pre-tax profits. For the second quarter, Unilever, the name behind some of the best-known products on supermarket shelves - such as Persil detergent, Flora margarine and Dove soap - reported a higher than expected 54 per cent hike in profits.
Unilever announce first-half profit increase
Consumer goods giant Unilever have announced a 7 per cent rise in half-year pre-tax profits. For the second quarter, Unilever, the name behind some of the best-known products on supermarket shelves - such as Persil detergent, Flora margarine and Dove soap - reported a higher than expected 54 per cent hike in profits.
-
Northern Ireland WeatherThis Evening and Tonight:A fine end to the day with some sunshine, then clear spells overnight. Low cloud could form around some Irish Sea coasts later in the night, or a few fog patches in prone spots.. Minimum temperature 9 °C.
