Retail Sales up again in Feb March 20th, 2008

The Office of National Statistics (ONS) has released figures that show retail sales rose by 1% from January and by 5.5% from this time last year. The unexpected increase was attributable to higher food sales during the month.

The figures support the Bank of England’s (BoE) decision to keep interest rates on hold and that the threat of rising inflation is not going away. It also raises the question as to whether the man on the street is concerned about the credit crunch or whether it’s merely something that the boys and girls in The City get excited about.

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One Response to “Retail Sales up again in Feb”

  1. Allen Taylor Says:
    March 20th, 2008 at 8:58 am

    Nice writing. You are on my RSS reader now so I can read more from you down the road.

    Allen Taylor

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