The CBI distributive trades survey’s retail sales balance jumped to +4 in July 2020 from -37 in the previous month, its highest since April 2019 and well above market expectations of -25. Still, the latest reading signaled only modest year-on-year growth in sales as the COVID-19 pandemic continued to hurt the sector. Also, retailers expect a slightly weaker performance in August.
Cbi Distributive Trades in the United Kingdom averaged 18.33 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 August of 2020. source: Confederation of British Industry
CBI Distributive Trades in the United Kingdom is expected to be -24.00 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 12.00 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.