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High Street shoppers run for cover in heavy rains | High Street shoppers run for cover in heavy rains |
(about 11 hours later) | |
Wet weather over the bank holiday weekend drove shoppers indoors, with many opting for covered shopping centres instead of the High Street, figures suggest. | Wet weather over the bank holiday weekend drove shoppers indoors, with many opting for covered shopping centres instead of the High Street, figures suggest. |
The number of people visiting shopping centres surged by 6.2% compared with last year, while footfall on the High Street slipped 0.1%, according to retail analyst Springboard. | The number of people visiting shopping centres surged by 6.2% compared with last year, while footfall on the High Street slipped 0.1%, according to retail analyst Springboard. |
Retail parks were the most popular destination, with visitors up 8.5%. | Retail parks were the most popular destination, with visitors up 8.5%. |
Overall, footfall was up on last year. | Overall, footfall was up on last year. |
Springboard Insights director Diane Wehrle credited strong consumer confidence for the rise. | Springboard Insights director Diane Wehrle credited strong consumer confidence for the rise. |
"Consumers are feeling much more confident about their job prospects and wage increases, so they are willing to go out and spend," she told the BBC. | |
'Strong expectations' | 'Strong expectations' |
Separately, business lobby group the Confederation of British Industry (CBI), said its monthly survey showed economic growth had continued to pick up pace in the three months to August. | Separately, business lobby group the Confederation of British Industry (CBI), said its monthly survey showed economic growth had continued to pick up pace in the three months to August. |
It also said there were "strong expectations" for the next three months. | It also said there were "strong expectations" for the next three months. |
The CBI's monthly survey includes 754 private firms from a range of sectors. | The CBI's monthly survey includes 754 private firms from a range of sectors. |
The lobby group's monthly private sector growth indicator showed an overall reading of 31% for the three months to August, just below the 2015 high recorded in May. | The lobby group's monthly private sector growth indicator showed an overall reading of 31% for the three months to August, just below the 2015 high recorded in May. |
The percentage reading indicates the number of firms reporting that business performance was up, compared with those reporting it was down. | The percentage reading indicates the number of firms reporting that business performance was up, compared with those reporting it was down. |
"The weather may have been a washout this month, but the sun has certainly been shining on the British economy," said CBI director of economics Rain Newton-Smith. | "The weather may have been a washout this month, but the sun has certainly been shining on the British economy," said CBI director of economics Rain Newton-Smith. |
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