BoE - Agents' Summary of Business Conditions (August 2011)
Growth in nominal spending on consumer goods and services in the UK remained weak in the month to end-July, the Bank of England's report Agents' Summary of Business Conditions, published on Wednesday, said.
The report, based on monthly reports compiled by the Bank of England's Agents following discussions with contacts in the period between late June 2011 and late July 2011, said the pattern of weak nominal retail sales growth continued.
It said discounting was often required to drive sales
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