Retailers report further improvement in the growth of sales volumes

High street sales continue to grow strongly in the year to June: CBI Distributive Trades Survey

  • 58% of retailers reported that sales volumes were up on a year ago, and 17% stated that sales had fallen. The resulting rounded balance of +42% was stronger than retailers had expected (+25%) and was the fastest growth reported since December 2010 (+56%)
  • Firms also reported better than expected growth in orders with the survey balance once again the highest since December 2010
  • Retailers expect strong increases in both sales and order volumes in the year to July
  • Retailers still considered the volume of sales to be below average for the time of year
  • Most retail sub-sectors reported an improvement in year-on-year sales growth
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