Growth in sales on the high street slowing

Distributive Trades Survey: CBI

  • 36% of retailers reported an increase in volume of sales compared to a year ago, and 17% a decrease
  • Retailers considered sales volumes to be below average for the time of year (-18%), disappointing expectations that they would be in line with seasonal norms (-1%)
  • Sales growth is expected to continue losing steam next month, with retailers expecting a slower rise once again in the year to January (+10%)
  • Orders placed by retailers upon suppliers rose (+13%) at a similar pace to last month year-on-year (+16%).
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s