Free Trial

MNI: UK DATA: UK Retail Sales Under the Clouds:......>

MNI, NEWS
MNI: UK DATA: UK Retail Sales Under the Clouds: CBI
- Acc to CBI Dist Trades survey, retail sales fell for the third consecutive
month in the year to July
- Sales have fallen now for the longest period in almost eight years
- Orders placed on suppliers also declined for the third consecutive month, but
at a slower pace than the previous month
- Both sales and orders are anticipated to be broadly flat next month
- Both sales and order measures are at their weakest since the financial crisis
(three month-on-three month rolling average basis) 
- Internet sales picked-up (39%) but remained below the long-run average (46%).
Also expected to ease slightly in August

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.