After witnessing a slump in the previous month, retail sales in the UK grew by 1.9% year-on-year in May 2008 due to warm weather conditions and rising consumer confidence.
Turkey’s total retail expenditure reached $221.6 Billion in 2007 with about $125.6 Billion expenditure on food and drinks, making up for 56.7% of total expenditure, says GYODER.
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.
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