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Last Updated: Wednesday, 18 August, 2004, 06:00 GMT 07:00 UK
High streets enjoy sunny outlook
Money in till
High street sales rose by more than 7%, according to figures
Scottish shoppers appear to have brushed aside worries about interest rates, according to new research.

Figures for July from the Scottish Retail Consortium (SRC) show sales grew by 7.4% - more than three points higher than anywhere else in the UK.

The statistics continue a trend which has seen sales north of the border outstripping the rest of the country for almost a year.

Sunnier weather at the time helped to boost sales.

SRC-Royal Bank of Scotland economists have highlighted a boost in tourists in some areas.

Shoppers
Increased consumer spending cheered retailers
However, fears have been voiced over whether the trend can last.

A spokesman said that retail sales should fall back slightly in the months to come as long as the housing market achieves a soft, rather than hard, landing.

Total sales for the previous period grew by more than 8%, again well ahead of the rest of the UK.

Outdoor goods such as summer sandals did not sell well but that was offset by growth in other areas.

The rise came on top of Scottish increases in May of 4.8% in like-for-like sales and 7.3% in total sales.


SEE ALSO:
Summer rain fails to dampen sales
21 Jul 04  |  Scotland
Retailers welcome spending boom
27 Jun 04  |  Scotland
High streets booming, survey says
16 Jun 04  |  Scotland
Scots shop to top of retail league
23 Apr 03  |  Scotland


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