Retail Sales Growth Slowdown

Does retail sales slowdown presage recession in 2008?

By News Desk
18th January 2008 at 13:05

Data released today by the Office of National Statistics reveals a slowdown in the growth of retail sales during the last quarter of 2007.

The seasonally adjusted index for retail sales grew by just 0.4% during the three months to December 2007 compared to the previous three month period.  Between November and December, however, the volume of sales fell by 0.4%.

A separate study released yesterday by Experian revealed that only a couple of weeks into the January sales its Retail Footfall Index had seen a week-on-week decrease of 4.4%.

What does all this really mean for the small business owner, particularly the small retailer.  Well, slowly but surely signs of a slow down are gathering.  But let’s just hope it’s just that – a slow down, not a recession. 

Here’s to some justified caution amongst small businesses and consumers during 2008.

Commenting Is Easy

Do you have an opinion on this news item? Have something to add that others might find helpful? Then please leave a comment in the box below.

If you'd like to have your image included next to your comments here, then you can set yourself up with an avatar in just a couple of clicks.

Leave a comment

Related Posts

Photostream

Listen to the sales podcast for SMEs Subscribe to the podcast on iTunes

BUSINESS PODCASTS

Click on one of the play buttons to listen to inspirational interviews with entrepreneurs from SmallBizPod.

SmallBizPod #66 - Dan Harple, entrepreneurship and the mobile web

SmallBizPod #66 - Dan Harple, entrepreneurship and the mobile web

PostedDetails | PostediTunes
play small business podcast now
SmallBizPod #74 - digital startups on Digital Mission to NYC

SmallBizPod #74 - digital startups on Digital Mission to NYC

PostedDetails | PostediTunes
play small business podcast now
SmallBizPod #69 - Clive Birnie, MBOs and jumping through windows

SmallBizPod #69 - Clive Birnie, MBOs and jumping through windows

PostedDetails | PostediTunes
play small business podcast now
SmallBizPod #89 - business lessons from a sandwich shop startup

SmallBizPod #89 - business lessons from a sandwich shop startup

PostedDetails | PostediTunes
play small business podcast now
SmallBizPod #94 - Wendy Tan White and the Moonfruit story

SmallBizPod #94 - Wendy Tan White and the Moonfruit story

PostedDetails | PostediTunes
play small business podcast now
SmallBizPod #62 - Social Firms - an exciting challenge

SmallBizPod #62 - Social Firms - an exciting challenge

PostedDetails | PostediTunes
play small business podcast now

PARTNER PROMOTIONS

If looking to boost your businesses performance with promotional marketing, travel incentives or incentive schemes get it touch with NDL Group