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CBI Reported Retail Sales At Cycle Lows

UK DATA
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UK CBI volume of sales reported dropped more than expected to -44% in April (vs +2% prior, -25% expected),

  • Meanwhile, volume of sales are expected to fall again but at a slower pace next month (-19%).
  • CBI reported the downturn is in part due to the earlier timing of Easter, and looking ahead highlight retailers expect sales to remain below seasonal norms. This is following Official ONS retail sales coming in below expectations.
  • The survey includes 129 respondents, of which 48 were retailers.

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UK CBI volume of sales reported dropped more than expected to -44% in April (vs +2% prior, -25% expected),

  • Meanwhile, volume of sales are expected to fall again but at a slower pace next month (-19%).
  • CBI reported the downturn is in part due to the earlier timing of Easter, and looking ahead highlight retailers expect sales to remain below seasonal norms. This is following Official ONS retail sales coming in below expectations.
  • The survey includes 129 respondents, of which 48 were retailers.