Turbulence Ahead puts it into context:
The latest Retail Sales Index report from the CSO is - to put it mildly - horrendous. This is economic bungee jumping without the bungee. Total volumes are down -20.4% year-on-year in January 2009. Sure, the motor trade have contributed - every single other category is showing year-on-year declines: but up to 34.2% in the case of furniture.