Sales growth confounds forecasts
Tuesday 18 October 1994
A balance of 28 per cent of the retailers in the Confederation of British Industry's monthly distributive trades survey reported increased sales last month compared with a year earlier. This is the highest balance since December, and compares with an unexpectedly weak 2 per cent in August and 12 per cent in July.
Nigel Whittaker, chairman of the CBI's distributive trades panel, said: 'The pick-up in high-street trade reported in September confirms that the trend in retail sales remains firmly upward.'
He said the underlying annual growth rate had followed an uneven path earlier in the year but now seemed to have levelled out. Several times this year the CBI survey has shown reported retail sales dipping in months in which the official retail sales figures, published later, showed an increase.
Footwear and leather retailers enjoyed the biggest increases in the year to September. Sales of household goods were also strong.
Specialist retailers such as butchers, bakers and greengrocers, however, suffered big declines. Chemists shops saw a small year- on-year fall in sales.
Wholesalers also saw a September recovery, with their sales well above average for the time of year.
- 1 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 2 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 3 Dad attempts revenge on teenage daughter, plan backfires spectacularly
- 4 Ball pool for adults opens in London
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Isis 'throw man off a building for homosexual affair' and beat him to death when he survives
Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...