BCC: Strong retail sales point to higher growth in Q1

Friday 27 March 08:33

Retail sales volumes in February 2015: are up 0.7% on the month, up 5.7% on the year Average store prices fell by 3.6% in February 2015 compared with February 2014, the largest year on year fall since records began in 1997

Commenting on the latest retail sales figures published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce said:

“These strong retail sales figures point to an acceleration in economic growth in the first quarter of this year. Although these figures are good news and will strengthen confidence, we must remember that the UK’s economic growth remains unbalanced and is too reliant on consumer spending. UK exporters are still facing huge challenges, particularly in the Eurozone, our largest trading partner. 

“The record fall in store prices highlights the strong competitive pressures facing retailers and strengthens the case for the MPC to commit to keeping interest rates low over the next year.” 

Events

  • Brightly Charity Beach Yoga Event Asking for Minimum Donation of £5

    › read more
  • Bailiwick Express Business Academy CLOSING DATE FOR APPLICATIONS IS FRIDAY 31st AUGUST 2018.

    › read more
  • Ibex Education - Excel Introduction

    › read more
  • Ibex Education - Excel at Intermediate Level

    › read more
  • Ibex Education - Excel at Advanced Level

    › read more
  • Marbral Advisory - Blockchain for lawyers Early Bird: €75.00 - Standard: €115.00

    › read more
  • Marbral Advisory - Blockchain Basics Early Bird: €75.00 - Standard: €115.00

    › read more
  • Jersey Chamber of Commerce 250th Gala Event Details coming soon

    › read more
  • GTA Guernsey - IoD Accelerated Company Direction Programme Course Cost: £5,750.00 | Course Length: 5 days (generally 08:30-19:00)12-16 November 2018 |

    › read more
  • Jersey Business - Enterprise Week 2018 FREE EVENT

    › read more

Chamber Knowledgebase

Our frequently asked questions

Contact Magazine

Click here to view the latest digital issue of the Channel Islands Business Magazine.

Jersey Airport / Harbours

The latest arrivals and departures, select a link above

Charity of Choice 2018

Click here to learn more about the vital work of the Jersey Employment Trust and how you can help.

The Benefits of Membership

Networking opportunities, including our popular luncheons
Topical seminar programme
Support and guidance on doing business in Jersey


And become one of over 500 member businesses supporting Chamber in its aim of ensuring that local business is at the heart of a thriving and diverse local economy.

Call 01534 724536
› About Chamber


Copyright © Jersey Chamber 2012 - The Jersey Chamber of Commerce welcomes your comments and views. However, the posting of comments is subject to our terms which can be read here. Comments posted by users of this site are not the Chamber's comments nor do they represent the views of the Jersey Chamber of Commerce.

↑ Back to top