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Free AccessUK Sales Growth Eases In December: CBI Survey
-UK CBI Dec Reported Sales Volume Balance 20% Vs 26% in Nov
By David Robinson
LONDON (MNI) - UK retailers saw sales growth decelerate in December, the
CBI Distributive Trades Survey found.
The reported sales volume balance in December eased to 20% from 26% in
November, while the January expected sales balance was lower still at 17%. The
CBI headline numbers are highly volatile, with a net 42% reporting higher sales
in September before plunging to -36% in October and rising back up to 26% in
November.
Retailers' order placed on suppliers balance fell to 11% from 22% and the
expected orders balance for January was 13%, down from 22%.
While the food and drink sector, predictably in the run-up to Christmas,
saw strong sales growth with a net 35% reported volumes balance, the durable
household goods sector had a bad month with a -27% outturn.
The CBI noted that overall volume growth was in line with the long-run
average and that there was an almost even split between sectors that saw sales
growth up or down on the month.
--MNI London Bureau; tel: +44 203-586-2223; email: david.robinson@marketnews.com
--MNI London Bureau; +44 203-586-2226; email: jamie.satchithanantham@marketnews.com
[TOPICS: MABDS$,M$B$$$,M$E$$$]
To read the full story
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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.