Newest figures on UK retail sales are certainly unsatisfactory. The unprecedented chilly weather in March had a negative impact on retail sales as it significantly discouraged British customers to go shopping. Thus the ONS survey also added to disturbing signs about the UK economy.
On the 5th of February, the survey by the British Retail Consortium indicated that the UK retail sales increased in February at the fastest rate in about three years. The latest figures suggested that consumer confidence was boosted as UK customers went out to buy clothes, home furnishings and electronics goods.
On 4th of December, the British Retail Consortium informed that UK retail sales rose approximately 0.4 percent on a like-for-like basis in the month of November as customers started their Christmas shopping. Some analysts, however, expected a higher result. But this year UK customers are waiting for holiday bargains to start in the coming weeks as they try to cut down spending in the holiday shopping season.
Hopes that the U.K. economy is on the way back from the double-dip recession have been cooled by the latest data released by the British Retail Consortium. According to findings, British retail sales not only dropped sharply in the month of October but also increased at the slowest rate for almost a year as Britons cut down their spending only to basic products such as food and drink.
UK retail sales saw a solid growth in the month of September as weather cooled down forcing Britons to buy warm clothes and shoes. According to the British Retail Consortium, year-on-year growth in British retail sales value accelerated between August and September. However British consumers are returning to shops with much attention. Yet the recent results show that there are chances that the economy is recovering slowly.