High street sales flat

High street sales flat: CBI’s Distributive Trades Survey

  • 36% of firms reported that sales volumes were up on a year earlier, and 37% said they were down, giving a balance of -1%. This was the lowest balance since August 2012 (-3%) and much lower than expectations of sales growth (+15%)
  • 18% reported sales volumes to be above average for the time of year, and 45% below. The resulting balance of -27% was much weaker than expected   (-1%)
  • Sales volumes are expected to see a small fall in the year to May, with 27% of firms expecting an increase versus 33% predicting a fall, resulting in a balance of -6%. Volume of orders placed upon suppliers are also expected to fall, with 21% of retailers expecting order volumes to be up on a year ago and 36% down, giving a balance of -15%.

 

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