The CBI distributive trades survey's retail sales balance dropped to -3 in March 2020 from +1 in the previous month, still beating market expectations of -12. The coronavirus hit demand for most products, with sales of clothing, furniture and ‘other normal goods’, such as flowers, jewellery, cards etc., falling the most in the year to March. On the other hand, grocers reported exceptionally strong growth in sales volumes, as did specialist food and drink firms, as households are stockpiling groceries in response to the spread of the Covid-19 and the introduction of social distancing. Looking ahead, retail sales are expected to fall sharply in the year to April, with retailers more pessimistic than at any time since April 2009.
Cbi Distributive Trades in the United Kingdom averaged 18.81 Net Balance from 1983 until 2020, reaching an all time high of 72 Net Balance in July of 1984 and a record low of -55 Net Balance in December of 2008. This page provides - United Kingdom CBI Distributive Trades- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom CBI Distributive Trades - data, historical chart, forecasts and calendar of releases - was last updated on March of 2020. source: Confederation of British Industry
Cbi Distributive Trades in the United Kingdom is expected to be -14.00 Net Balance by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Cbi Distributive Trades in the United Kingdom to stand at -17.00 in 12 months time. In the long-term, the United Kingdom CBI Distributive Trades is projected to trend around -7.00 Net Balance in 2021 and -4.00 Net Balance in 2022, according to our econometric models.