Retail sales grow strongly

Retail sales grow strongly in year to October: CBI Distributive Trades Survey

  • 47% of retailers reported that sales volumes were up on a year ago and 17% stated that sales had fallen. The resulting balance of +30% well exceeded expectations (+15%), and was the fastest rate of sales growth since June (+42%).
  • Looking ahead, retailers expect growth in sales volumes to be similarly robust in the year to November (+27%)
  • the volume of orders placed on suppliers increased moderatel
  • , high-street retailers still considered the volume of sales to be below average for the time of year
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