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Article: Retail sales growth hit by attacks
- Article from:
- Evening News - Scotland
- Article date:
- October 17, 2001
CopyrightCopyright 2001 Evening News - Scotland. Provided by ProQuest LLC. (Hide copyright information)
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SCOTTISH retail sales growth stuttered last month after the
terrorist attacks in the United States and may have peaked,
according to a new survey released today.
The latest Scottish Retail Consortium/Royal Bank of Scotland
retail sales monitor showed like-for-like sales growth in the month
dropped to 3.8 per cent annually, down from August's 4.7 per cent
rise.
However, overall sales figures were up 6.7 per cent, a small rise
on the previous month's 6.4 per cent - the largest increase in more
than a year.
Royal Bank chief economist Jeremy Peat said figures showed that,
despite the attacks, Scottish retail sales had remained strong.
But he said that even before the attacks, analysts had ...