Press Release
ONS Sales Figures Confirm BRC Data
19 June 2008
Reacting to today’s retail figures from the Office for National Statistics, the British Retail Consortium (BRC) said the results confirm the BRC’s findings that sales in May were boosted by sunny weather finally arriving. However, the BRC warned that the economic fundamentals remain weak.
British Retail Consortium Director General Stephen Robertson said: “These official figures confirm our own findings that retail sales growth was lifted by the final arrival of warm weather in early May. As the sun came out so did shoppers, boosting sales of summer food and drink and particularly clothing which had been struggling.
“However, the economic fundamentals remain weak. Much of this sales growth is the result of discounts and promotions and people are still reluctant to buy more expensive items, such as furniture and electricals.
“Personal finances are under severe and mounting pressure. Customers are concerned about jobs and the housing market. So it remains to be seen whether this sun- driven boost is sustained over the coming months.”
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