Free Trial
NATURAL GAS

Nord Stream 1 Turbine Remains in Germany

POLAND

10Y Yield Testing 100DMA Support

STIR FUTURES

Generally moving higher

POLAND

USDPLN Finds Support Around 4.6250

LNG

Japanese LNG Imports from Russia Gain

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
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
growth". 
     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: jamie.satchithanantham@marketnews.com
[TOPICS: MABDS$,M$B$$$,M$E$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.