Although the UK retail sales balance moved in the upward direction last month, yet industry experts predict woes will scare the retail sales in future too.

The retail sales in Europe slumped from 52.4 on gauge scale in February 2008 to 48.2 in March 2008 as consumer spending went down.

The UK housing industry has been underperforming for last few years due to lack of property demand, rising inflation, tight lending process, and slowdown in global economy.

Chinese tourism industry lost 6.97 Billion Yuan in February 2008 following cancellation of trips by foreign and domestic tourists due to bad weather conditions.