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Now, Id like to refer to the first graph. As you can see this is a bar graph measuring net sales over the first ten months of the year. Youll notice that sales rose steadily in the first few months, then there was a marked increase in April. They peaked in May at around 3.2 million, and levelled off, then there was a dramatic drop in the following month, followed by a docHub increase in August, and this trend has continued up until the present. What was the reason for the sudden drop in July? This was mainly due to a drop off in air conditioner sales - so its a seasonal effect. Could it be a consequence of the negative effect of the interest rate rise? Possibly. Now, if I could draw your attention to this next diagram. This is a line graph of sales - the blue line represents air conditioner sales, the red line shows heaters. As youll note, air conditioner sales dropped steadily from January to July, bottoming out then, while heater sales experienced a sharp increase from Marc