Retail sales expected to rise

Retail sales flat, but expected to pick up – CBI

  • Flat retail sales volumes in the year to June disappointed retailers’ hopes of modest growth.
  • Growth better than the year-on-year fall in sales seen last month, which was the first decline since April 2012.
  • Orders were broadly flat on a year ago, although they surpassed expectations of a third consecutive fall.
  • Sales volumes were a fair way below average for the time of year in June, despite expectations they would be broadly in line with seasonal norms.
  • Stock adequacy picked up on last month, in line with its long-run average.
  • The outlook is a little brighter for next month, when retailers expect sales volumes to increase.
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