Jersey Latest figures indicate a retail slowdown

JERSEY could be at the start of a ‘double dip’ recession, the latest retail figures suggest.

Non-food sales dropped for the first time in about a year and food sales are still below what they were four years ago.

Sales on non-food items in the Island had risen steadily since the second quarter of 2010 but in the last three months they dropped by three per cent.

It meant that while non-food sales were four per cent higher than last year, they were still lower than they were in 2008, before the recession really took hold. (from JEP)