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BCC: Strong retail sales highlight economy’s resilience

Commenting on the retail sales figures for May 2016, published on 16 June by the ONS, David Kern, BCC Chief Economist, said:

“Along with stronger employment figures, the latest rise in retail sales confirm the findings of our own quarterly economic survey, which showed that UK growth was continuing, albeit at a slower pace.

“However, these figures provide further evidence of the acute contrast between relatively strong retail sales and other sectors of the economy, such as exports and manufacturing, which continue to struggle.

“In addition to persevering with low interest rates, in order to secure sustained growth there must be a stronger focus on supporting manufacturing, investment and exports.”

The Author

Donald Macinnes
Media Researcher
BiP Solutions

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The Author

Donald Macinnes
Media Researcher
BiP Solutions

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