Thursday, August 18, 2011
Retail sales edge up
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

The 0.2% rise in retail sales in July was better than the surveys had suggested but was driven entirely by food sales. Non-food stores saw their sales drop by 1.1%, the first fall since January 2010. Retail sales volumes were flat year on year though values were up by 4.3%, an indication that if inflation were lower, retailers would be doing rather better in volume terms. The figures are here.