U.K. Retail Sales Hit Three-Year High

Discussion in 'Economics' started by ASusilovic, Aug 26, 2010.

  1. LONDON—U.K. retail sales rose above a three-year high in August, as sales, warmer weather and summer holidays boosted demand, a survey by the Confederation of British Industry released Thursday showed.

    The CBI monthly Distributive Trades Survey's retail sales balance rose to +35 in August from +33 in July, the highest level since April 2007 when it was +44.

    The balance is the difference between the percentage of retailers reporting higher sales volumes than the corresponding month last year and those reporting lower sales. In August, 18% of respondents said sales were lower .

  2. With those tax rates, it's a miracle the Brits have any money to spend at all.
  3. This is a great environment to be making money and SPEND SPEND SPEND. It's a virtual ATM machine.If any of you are not raking in big bucks, I feel sorry for you.