The CBI distributive trades survey’s retail sales balance dropped two points from the previous month to -25 in November 2020, comfortably above market expectations of -35, suggesting that overall retail sales volumes fell at a similar pace to the previous month. However, internet sales grew at the fastest pace since October 2018, suggesting a substitution in spending away from in-store retailing during the month-long lockdown in England from November 5th, which closed all non-essential retail stores. At the same time, retailers reported that employment continued to fall, while investment intentions for the year ahead remained negative. Looking ahead, retailers expect sales volumes to be broadly flat in the year to December. source: Confederation of British Industry
Cbi Distributive Trades in the United Kingdom averaged 18.07 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 November of 2020.
Cbi Distributive Trades in the United Kingdom is expected to be -20.00 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 9.00 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.