Distributive Trades Survey January 2012
High-street sales fall in January as shoppers rein in spending across the board
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Shoppers have reined-in spending across the board at the start of the New Year after taking advantage of early discounting last month, which boosted pre-Christmas sales
- Ian McCafferty
Retail sales fell in the year to January, after modest growth last month, and sales were considered poor for the time of the year.
Ian McCafferty, CBI Chief Economic Adviser, said:
“Shoppers have reined-in spending across the board at the start of the New Year after taking advantage of early discounting last month, which boosted pre-Christmas sales.
“Family budgets are under continuing pressure with inflation still high and wage increases modest.
“Consumers are still holding off particularly from buying big ticket items like washing machines and fridges. Online and mail order sales were the only areas that performed well in January, but growth was still down on last month.”
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