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September retail figures slump


Despite growing optimism about the economy, September's retail sales remained flat.  The Office for National Statistics (ONS) said that sales volumes stayed level for the second consecutive month.

There was a steep decline in clothes and shoe sales (down by 0.5 per cent from August) with food sales down by 0.1 per cent.

The sale of items in household goods stores increased by 3.3 per cent in the three months to September, driven by furniture and electrical goods.

Retail sales have risen by 2.4 per cent over the year despite last month's stagnation. This has been driven by a 2.8 per cent annual increase in food sales.  Retailers fear that next year's proposed increase in VAT could undo some of the recent recovery.

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By LaunchLab.co.uk  on   Oct 22,2009

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Stephen Bright
"Retail sales have risen by 2.4 per cent over the year despite last month's stagnation. This has been driven by a 2.8 per cent annual increase in food sales. Retailers fear that next year's proposed increase in VAT could undo some of the recent recovery." This is not bad for our company that offer writing jobs. Report Abuse
     
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