| You are in: UK: Scotland | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wednesday, 20 November, 2002, 06:45 GMT Scots set for festive spending ![]() Scots are expected to trigger a festive spending free Scottish shoppers are gearing up for a Christmas spending spree, statistics suggest. The monthly Scottish Retail Sales Monitor showed consumer spending in October was 5% higher than the same period last year. The report, by the Scottish Retail Consortium and Royal Bank of Scotland, recorded a 5.3% rise in overall sales, with like-for-like sales up by 2.9%. Non-food retailers recorded the strongest overall growth of 5.7%, while food sales increased by 4.9%.
The statistics indicate shops have begun festive sales drives following a more modest 4.5% increase in September. In the UK as a whole, total sales improved on last October's figure by 7.1%, with like-for-like sales up by 4%. Jeremy Peat, chief economist at the Royal Bank of Scotland, said: "Scottish retail sales turned in yet another solid performance in October. "This all augurs well for the Christmas build-up." Patrick Browne, director of the Scottish Retail Consortium, said the statistics showed a "healthy increase". He said: "It is good to see a stronger increase in sales compared to last month, but disappointing that the increase is not more given that the Christmas shopping season generally begins during October." | See also: 22 Dec 01 | Scotland 22 Dec 01 | UK 29 Oct 01 | Business 18 Dec 01 | Business 15 Dec 01 | Business 12 Dec 01 | Scotland Internet links: The BBC is not responsible for the content of external internet sites Top Scotland stories now: Links to more Scotland stories are at the foot of the page. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Links to more Scotland stories |
![]() | ||
| ---------------------------------------------------------------------------------- To BBC Sport>> | To BBC Weather>> | To BBC World Service>> ---------------------------------------------------------------------------------- © MMIII | News Sources | Privacy |