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MNI (London)
--UK June Retail Sales Volumes Balance +32 Vs +11 In May
By Jamie Satchi
     LONDON (MNI) - UK retailers saw a weather-induced boost in retail sales
volume growth in June, with supplier orders also up sharply on the month, a CBI
survey showed.
     The reported sales volume balance rose to +32 in June, up 21 points from
May and settling at the highest level since last September. 
     June's result meant that the headline balance has now put together a string
of three consecutive monthly increases after falling into negative territory in
March. Looking forward, the expected balance for July held firm at +18.  
     Dissecting the month's rise in activity, growth was fairly broad-based
across retail sub-sectors, with the pick-up in June driven particularly by a
rise in non-store sales, department stores, durable household goods, and "other"
normal goods. 
     Grocers and hardware & DIY stores also fared well, reporting robust sales.
Meanwhile, carpet & furniture stores and clothing retailers saw a drop in sales
volumes in the year to June.
     Anna Leach, CBI Head of Economic Intelligence, said "Higher-than-average
temperatures seem to have had a positive impact on shoppers, with retailers
benefitting from above-average seasonal sales and improved order volumes
     Orders placed on suppliers also rose in June, indicative of stronger
demand, up 15 points to +20 -- the highest outturn since last November. 
     "While today's findings will bring some summer cheer to retailers,
underlying conditions for the sector remain challenging - household spending
remains under pressure from the slow recovery in real wage growth and the sector
is still grappling with key structural changes like digital transformation,"
Leach added.
--MNI London Bureau; +44 203-586-2226; email:
[TOPICS: MABDS$,M$B$$$,M$E$$$]
MNI London Bureau | +44 203-865-3812 |

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