Tuesday, October 13, 2009

UK Retail Sales in September

According to the British Retail Consortium (BRC)- KPMG Retail Sales Monitor, UK retail sales values in September 2009 rose 2.8% on a like-for-like basis from September 2008 (when sales had fallen 1.5%, due to turmoil in financial markets hitting consumer confidence and very wet weather).

In addition, Bank Holiday Sunday and Monday fell in the September trading period in 2009 but not in 2008.

On a total basis, sales rose 4.9% against a 1.0% gain in September 2008.

Stephen Robertson, Director General, British Retail Consortium, said that "for some customers confidence is trickling back. These are the best total sales growth figures since January 2008" but "we mustn't get carried away" he warned. "They are compared with a weak performance last September."

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Nick

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