CBI Distributive Trades (Sep 2019) .........>

UK DATA: CBI Distributive Trades (Sep 2019) 

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- Reported Sales Volume: -16%; Prev(Aug): -49% 

- Expected Sales Volume (Oct): -5%; Prev(Sep): -10% 

- Reported Orders Volume: -9%; Prev(Aug): -57% 

- Expected Orders Volume (Oct): 3%; Prev(Sep): -29% 

- Retail sales volume fell for the fifth consecutive month in Sep, which is the

weakest period since 2011 

- However, sales fell at a softer pace than markets expected (BBG Cons: -25%) 

- Retailers expect sales to decline again in Oct, although at a slower pace 

- Orders placed upon suppliers improved to -9 in Sep following Aug's slump to

-57, nonetheless orders fell for a fifth month straight 

- The report further notes that the level of stocks shifted back to the

long-term average after Aug's peak 

- All subsectors reported monthly declines in sales in Sep, with the clothing

and non-specialised sector driving this month's decline.