Long term trend in retail sales remains positive, says BCC

23rd December 2013

Retail sales volumes rose 0.

3% in November 2013, but were flat over the past three months · Over the 12 months to November, retail sales volumes increased by 2.0% · The amount spent online rose to a record 11.9% of the value of all retail spending · Annual inflation of goods sold in the retail industry was 0.7% in November, well below total CPI inflation Commenting on the retail sales for November 2013, published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC) said: -The positive increase in November partly offsets the sharp October fall, but month-to-month figures remain erratic, and paint a less buoyant picture than the recent good news from the labour market. That being said, the 2% year on year increase shows a long term figure that is stronger than other areas of the economy. -The figures are a stark reminder that the recovery is not yet secure, despite the growing optimism around the economy. The government must continue with its efforts to create an environment that supports enterprise that can create wealth and jobs, to maintain the progress of the UK recovery.

You might also be interested in

HMRC to close CHIEF: What does this mean for you?

Fri 6th May 2022

Last year HMRC announced that the Customs Handling of Import & Export Freight Computer system (CHIEF ) currently used to lodge import and export declarations will be fully replaced by a new system called the Customs Declaration Service (CDS) in 2023.

South Yorkshire Chambers Unite to Call for Mayor-led Transformation of Region's Skills Sector

Fri 29th April 2022

Business leaders from across South Yorkshire will join forces today (Friday) to call for the region’s new Mayor to urgently tackle skills shortages that are holding the region back.

Recruitment Difficulties Remain at Record Highs - Quarterly Recruitment Outlook

Thu 28th April 2022

Latest figures released today by the British Chambers of Commerce show the pressure on firms struggling to recruit staff remains at record high levels.

Climate change is the biggest challenge of our lifetime.

Wed 13th April 2022

According to scientists at the Intergovernmental Panel on Climate Change (IPCC), global temperature increase must be limited to no more than 1.5°C to preserve our current way of life.