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Retail Therapy for the Economy?

. Economy.

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economyAre there “Green shoots” in the High St at last? Sales are growing at their fastest rate since the slump began, according to figures today from the CBI.

41% of retailers reported sales volumes for the year to October had risen, and 33% said that they were down.

The net balance of plus 8% was the highest since December 2007.

The findings far exceeded analysts’ expectations of a balance of 3 per cent.

In August, the figure was minus 16 per cent.

Demand for furniture, carpets and other household goods were the highlights reflecting the pick-up in the housing market.

In a show of confidence , the survey found that a balance of 19% of retailers expect sales volumes to improve next month — the most optimistic since July 2007.

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