Retail Sales Rise Defires Gloomy Forecast
Saturday, August 21, 2010 10:02Posted in category Economic Outlook
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According to two measures published, it is indicated that the mood among UK consumers and manufacturers is brithter than expected.
Official figures showed that the shoppers defied gloomy projections from the nation’s retailers and flocked to the high streets in July, helping record a much higher than expected rise in sales volumes.
The Office for National Statistics announced that the retail sales volumes in July were 1.1% higher than in June, which is much more than the 0.4% rise forecast by economists.
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