Retail sales in China surged 21.6% in May 2008 on the back of rising consumer spending, high economic growth, and government’s efforts to encourage people for spending more.

The Indian FMCG industry is expected to grow 16% during 2008-09 with rising disposable income, changing lifestyle and rapid urbanization.

The UK retail sales fell by 1.5% in April 2008 and clothing and food stores were the worst hit, says British Retail Consortium.

Economic slowdown, rise in oil prices and increasing household debts led to a drop in the retail sales in South Korea during June 2008.