The CBI distributive trades survey’s retail sales balance in the UK plunged 34 points from a month earlier to -23 in January 2023, worse than market expectations of -5 and pointing to a sharp decline in retail sales at the start of the year, according to the CBI’s latest quarterly Distributive Trades Survey. It was also the weakest reading since last April, as the retail sector continued to face the twin headwinds of rising costs and squeezed household incomes. Meanwhile, orders placed upon suppliers were down sharply (-32 vs -21 in December), while retailers viewed stocks in January to as elevated relative to expected sales, and to a greater extent than last month (23 vs 16). source: Confederation of British Industry
Cbi Distributive Trades in the United Kingdom averaged 17.29 Net Balance from 1983 until 2023, reaching an all time high of 72.00 Net Balance in July of 1984 and a record low of -55.00 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 January of 2023.
Cbi Distributive Trades in the United Kingdom is expected to be -23.00 Net Balance by the end of this quarter, according to Trading Economics global macro models and analysts expectations.