The CBI distributive trades survey’s retail sales balance rose five points from the previous month to -45 in February 2021, missing market expectations of -38 and suggesting retail sales orders fell at a softer pace. The trade volumes contraction was also eased from the previous month as Britain remains under its third national lockdown. Among retailers, only grocers saw any growth in volumes in the year to February, with non-store sales flat and other retail sectors reporting sharp declines. Meanwhile, internet sales growth hit a new record. Looking ahead, retailers anticipate an even steeper fall in sales and orders for March, but sentiment for the quarter ahead stabilized. source: Confederation of British Industry
Cbi Distributive Trades in the United Kingdom averaged 17.73 Net Balance from 1983 until 2021, 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 February of 2021.
Cbi Distributive Trades in the United Kingdom is expected to be 5.00 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 7.00 in 12 months time. In the long-term, the United Kingdom CBI Distributive Trades is projected to trend around -4.00 Net Balance in 2022, according to our econometric models.