MNI DATA IMPACT: UK Retail Sales Bounce Back In April - CBI

     LONDON (MNI) - UK retail sales picked up in April after a weak March, the

latest Confederation of British Industry Distributive Trade survey showed,

dropping to a net balance of +13 from -18 in March.

     Here are 5 points of note:

     - Retail Sales Volumes bounced to +13%, the strongest reading since

November 2018.

     - A continuing pick-up is expected next month, with the expected volume of

sales balance rising to +23 from +15 in March.

     - Sales for the time of the year slipped modestly, with the April balance

at +10 after +13 in March

     - Orders placed on suppliers rose to +13 in April, bouncing from -13% in

March, and are expected to extend gains in May (+24%).

     - Internet sales picked up somewhat in April, but at +28, still sat at the

second lowest rate in 12 months.

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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