–UK CBI Distribrutive Trades: Aug Sales Vol Balance 35% vs 33% July
–UK CBI: Sep Expected Sales Balance 39% vs +45% Aug
–UK CBI: Aug Orders Volume Balance 37% vs +24% Jul
LONDON (MNI) – UK retail sales volumes and orders rose to their
highest levels since back in 2007 and 2004 respectively and exceeded
analyst expectations, according to the Confederation of British
Industry’s lastest survey.
Retailers reported sales volumes came in at their highest level
since April 2007 and orders placed on suppliers rose to their highest
level since May 2004. The CBI survey also showed clothing sales hitting
the highest level on record.
The broad picture was one of rising optimism in the retail sector.
The quarterly business situation balance rose to 22 in the August
survey, up from -5 in May and its highest level since May 2004.
The survey was conducted between July 27 and August 11.
— London newsroom: 00 44 20 7862 7491; e-mail: drobinson@marketnews.com
[TOPICS: M$B$$$,M$BDS$,M$$FI$,MT$$$$,MABDS$]]