The CBI distributive trades survey’s retail sales balance in the United Kingdom rose by 7 points from the previous month to +25 in June 2021, the highest level since August 2018 and well above market forecasts of +14. The latest reading signaled a solid increase in retail sales volumes, following the relaxation of coronavirus-induced restrictions and as the rapid pace of vaccination encouraged shoppers to go out and spend. Within the retail sector, grocers reported that sales remained above seasonal norms, as did sub-sectors related to home improvements. Department stores saw an upturn in their fortunes, with sales now average for the time of year. And although clothing stores reported that sales remined poor for the time of year, this was to a much lesser extent than last month. Meanwhile, retail order growth was the strongest since September 2015. source: Confederation of British Industry
Cbi Distributive Trades in the United Kingdom averaged 17.62 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 July of 2021.
Cbi Distributive Trades in the United Kingdom is expected to be 15.00 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 5.00 in 12 months time. In the long-term, the United Kingdom CBI Distributive Trades is projected to trend around 9.00 Net Balance in 2022 and 6.00 Net Balance in 2023, according to our econometric models.