• UK retail sales growth expanded at a healthy pace in the year to July says CBI

Market news

25 July 2018

UK retail sales growth expanded at a healthy pace in the year to July says CBI

Retail sales growth expanded at a healthy pace in the year to July, albeit at a slightly slower rate than in the previous month, according to the latest monthly CBI Distributive Trades Survey.

The survey of 111 firms, of which 50 were retailers, showed that sales also stayed above average for the time of year. But orders placed on suppliers fell, disappointing expectations of continued growth.

The outlook for the coming month is less upbeat, with retailers expecting sales volumes and orders to flatten out.

Growth in online sales also slowed somewhat in the year to July, to a pace around the long-run average. Sales growth is expected to ease slightly further in the year to August.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.