UK CBI Nov reported retailing sales data now out 23 Nov
- -36 prev
- total distributive reported sales 30 vs 1 prev
- the volume of orders placed upon suppliers rose over the year to November, with 34% of survey respondents reporting a rise and 11% reporting a fall, giving a rounded balance of +22%.
- Firms anticipate orders will rise at the same pace next month (+22%)
- Retailers expect sales volumes to pick up again next month (+30%), with 39% expecting them to rise and 9% to fall
- Average selling prices rose at the fastest pace since May 1991 (+75%) in the year to November (+75%) with prices set to rise at a similarly elevated pace next month (+70%).
A solid report sees GBPUSD nudges up to 1.3312 highs since testing 13280 earlier. EURGBP steady around 0.8900
The Confederation of British Industry (CBI) Distributive Trades Survey (DTS) measures the health of the retail sector. The reading is compiled from a survey of about 150 retail and wholesale companies.
It includes measures of sales activity across the distributive trades. It is a leading indicator of consumer spending. The figure is the difference between the percentage of retailers reporting an increase in sales and those reporting a decrease.
