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UK retailers reported the strongest pace of growth since September 2015
UK retailers reported the strongest pace of growth since September 2015 over the year to October, with sales expected to expand at similar pace next month, according to the latest CBI monthly Distributive Trades Survey.
The survey of 126 firms, of which 60 were retailers, showed that sales for the time of year were considered to be above average and are expected to be in line with seasonal norms in November.
The volume of orders placed upon suppliers was broadly flat in October, having declined steadily during the previous six months, but orders are expected to fall further year-on-year in November.
The rise in overall sales volumes was driven by retailers of clothing, furniture & carpets, and hardware & DIY, while sales by grocers and department stores were flat.
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