Friday, November 19, 2010

Mixed news for Britain

Retail sales in Britain rose by 0.5% last month, the first increase in three months. Consumer spending in September and August were under the influence of expectations ads head of government to reduce spending in the past month. Expenditure on household goods continued to fall. In comparison with last year sales have not changed. Separately, Bank of England has published that the largest six banks in Britain have issued the same as before the number of mortgages - 44 000. More positive news was the increase of the balance of orders from the CBI to -15 from -28 the previous month. Exports grew significantly, while the average sales price increased significantly.

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