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CBI Retail Sales Fell Faster Than Expected For The Second Month

UK DATA
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UK CBI volume of sales reported fell faster than expected to -43 in July (vs -24 prior, -9 expected (which Bloomberg consensus of only three analysts is broadly in line with)). This is the second consecutive monthly fall and weakest reading since April 2024.

  • Volume of sales are expected to fall again next month although at a slightly slower pace than this months print (-32). This is following the ONS retail sales coming in weaker than expected in June.
  • The CBI release states "retailers citing unfavorable weather conditions and market uncertainty" as key drivers for the weakness.
  • The survey includes 131 respondents, of which 49 were retailers and was in field between 27 June and 17 July.

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UK CBI volume of sales reported fell faster than expected to -43 in July (vs -24 prior, -9 expected (which Bloomberg consensus of only three analysts is broadly in line with)). This is the second consecutive monthly fall and weakest reading since April 2024.

  • Volume of sales are expected to fall again next month although at a slightly slower pace than this months print (-32). This is following the ONS retail sales coming in weaker than expected in June.
  • The CBI release states "retailers citing unfavorable weather conditions and market uncertainty" as key drivers for the weakness.
  • The survey includes 131 respondents, of which 49 were retailers and was in field between 27 June and 17 July.