Showing posts with label automotive. Show all posts
Showing posts with label automotive. Show all posts
Wednesday, 25 April 2012
Retail Sales Increase In March
The value of high street retail sales increased in March by 5.7% compared with the same period last year. The volumes of sales also increased by 3.3%. The growth in volumes was driven mainly by non-retailing and predominantly fuel sales and other stores. Internet sales values increased by 15.2% on last March. Internet sales now account for 8.5% of all retail sales excluding fuel.
Looking at the figures on a monthly basis sales volumes increased by 1.8% on February and sales values increased by 1.8%. The monthly increases were driven by sales of predominantly automotive fuel probably due to the threat of a fuel strike. The figures may also have been affected by stores running out of stocks and having to close until restocked.
Friday, 27 November 2009
Retail Sales Expected To Increase Strongly This Christmas
The latest CBI Distributive Trades survey shows that businesses are confident about a good Christmas on the High Street. Business confidence is positive for the first time since 2007.
More retailers are reporting that sales have been rising over the last year and have reported growth for the second consecutive month. The growth in sales and the expectations of further growth in the festive season is making them more optimistic about the general business situation over the next quarter. The indicator for the three month moving average of sales volume turned positive and is expected to grow. Businesses have contnued to cut back stocks and now only a small number report stocks adequate to meet demand.
Employment conditions are still difficult in retail with 27% of businesses reported staff reductions and the same is expected in December. Investment intentions are getting better. Prices are still growing but at a slower rate and a similar pattern is expected next month.
In the wholesale sector sales volumes increased slightly for the first time since May 2008 but remained below average for the time of year. The situation is expected to get worse over the next quarter.
The automotive sector reported a year-on-year rise due to an increase in the sale of vehicles while sales of parts and accessories fell. The price inflation situation is much better and price rises are expected to slow further next month. Motor traders are pessimistic about the next three months even though sales are expected to rise again in December.
More retailers are reporting that sales have been rising over the last year and have reported growth for the second consecutive month. The growth in sales and the expectations of further growth in the festive season is making them more optimistic about the general business situation over the next quarter. The indicator for the three month moving average of sales volume turned positive and is expected to grow. Businesses have contnued to cut back stocks and now only a small number report stocks adequate to meet demand.
Employment conditions are still difficult in retail with 27% of businesses reported staff reductions and the same is expected in December. Investment intentions are getting better. Prices are still growing but at a slower rate and a similar pattern is expected next month.
In the wholesale sector sales volumes increased slightly for the first time since May 2008 but remained below average for the time of year. The situation is expected to get worse over the next quarter.
The automotive sector reported a year-on-year rise due to an increase in the sale of vehicles while sales of parts and accessories fell. The price inflation situation is much better and price rises are expected to slow further next month. Motor traders are pessimistic about the next three months even though sales are expected to rise again in December.
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