Business News

Retail sales flat in Britain

Published: Dec. 20, 2012 at 10:36 AM

LONDON, Dec. 20 (UPI) -- Consumer spending in Britain rose marginally on a 12-month basis in November, the Office for National Statistics said Thursday.

Consumer spending rose 0.9 percent over November 2011, continuing an upward trend in British retail that began in August 2011.

While the trend is persistent, it is not exactly red hot, either, the ONS said.

"Overall, between 2007 and 2012 (retail) has been relatively flat, the monthly report said.

The annual rate continued to show growth, but retail receipts dropped 0.1 percent from October, "following decreases in both the quantity bought and the amount spent between September and October," ONS said.

Most Popular Collections

'Star Trek Into Darkness' screening	NBC upfronts	Met Ball 2013
'Great Gatsby' premieres in New York	Spire raised on top of One WTC	2013: Celebrity break ups and divorces

Additional Business News Stories
Energy Resources Oil pipeline proposed for North Dakota WICHITA, Kan., June 19 (UPI) -- A pipeline company said it was examining shipper interest for a proposed pipeline to carry 250,000 barrels of oil per day from North Dakota. Oil drilling under way in Iraqi Kurdistan China looks to Iceland for oil opportunity Gazprom reviews Barents Sea developments Midwest rains cause Gulf of Mexico problems	Security Industry Embraer secures more orders for executive jets SAO JOSE DOS CAMPOS, Brazil, June 19 (UPI) -- Brazilian aircraft maker Embraer hopes to continue building up its sales of private jets at the same time as it expands capacity in defense, security and tactical transport. Billions in contracts reported at air show Raytheon touts Sidewinder milestone Coast Guard contracts for new cutter's advance lead materials New order for BAESystems' jammers
Real Estate Foreclosure processing time at new high Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous... Altos: No sign of single family rental weakness -- yet CB Previews International draws the line on pocket listings Americans exit the housing crisis with new appreciation for renting Real Estate: Nothing to fear from zombie houses	Analysis: Economic Outlook This resembles austerity Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda. Fed shows it's human The name of the game The key to Keystone Mergers are us