High street sales growth slows

October 10, 2006

Growth in high street sales slowed slightly last month, rising at an annual pace of 2.4 per cent, the British Retail Consortium reported.

The September rate was slightly down on August’s figure of 2.5 per cent. The BRC pointed out that the slowdown came despite the drop in sales in the same month last year when spending was dented in the aftermath of the bombings in London.

Total sales, which takes into account changes in floor space, also moderated in September, to an annual rate of 5.2 per cent from 5.5 per cent the previous month. Both like-for-like and total sales are the weakest since July.

High street sales growth slows – Economics – Times Online