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- UK retail sales grew at the fastest pace since September 2017 in the year to June, according to the latest monthly Distributive Trades Survey - CBI
UK retail sales grew at the fastest pace since September 2017 in the year to June, according to the latest monthly Distributive Trades Survey - CBI
The survey of 106 firms, consisting of 45 retailers, also revealed that sales volumes were well above average for the time of year, following three months when they were below seasonal averages. Additionally, the survey reported a jump in growth in the volume of orders placed on suppliers.
Retail sales growth was fairly broad-based across retail sub-sectors, with the pick-up in June driven particularly by a rise in non-store sales, department stores, durable household goods, and "other" normal goods. Grocers and hardware & DIY stores also fared well, reporting robust sales. Meanwhile, carpet & furniture stores and clothing retailers saw a drop in sales volumes in the year to June.
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