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

Retail sales

Retail Sales, April 2012: ONS

  • All retail sales values in April 2012 increased by 0.4 per cent when compared with April 2011. This is the slowest rate of growth since January 2010 when sales values where also 0.4 per cent higher compared with a year ago.
  • Sales volumes in April 2012 decreased by 1.1 per cent when compared with April 2011. This is the largest fall in sales volume year-on-year growth since August 2011 when sales volumes fell by 1.2 per cent.

April was a washout for a range of retailers – BRC

 

Retail sales steady

  • 33% of retailers saw sales volumes up on a year ago, and the same figure reported a fall.
  • Firms reported that sales were still low for the time of year (-27%), and said that over the next month they expect both volume of sales (-4%) and the volume of orders on suppliers (-12%) to remain subdued.

Retail sales remain steady in March – CBI survey