Shopper’s big spending spree in May
June 20, 2008 · Print This Article
Retail sales jumped by a whopping 3.5% from April – the biggest rise for more than 20 years.
Experts believe it is due to the long awaited warm weather which finally arrived. It was the hottest May since records began and saw sales in beachwear, barbeques and garden furniture soar.
Summer t-shirts, dresses and sandals were big sellers. Computer games and consoles, especially Wii Sports shot of the shelves. IPods and flat screen TV’s were also big sellers.
Statisticians were very surprised by the results and had to double check their findings. Economists were said to be staggered by the reports as this surge in spending what not as the market expected.
Food was up by 3.3%, clothes by 9.2% and household goods by 2.6%.
However the Government has stressed this is not the start of the retail recovery. With inflation on the increase and house prices on the fall there will be less for consumers to spend and we will all have to tighten our belts.




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