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- UK retail sales growth expanded at a healthy pace in the year to July says CBI
UK retail sales growth expanded at a healthy pace in the year to July says CBI
Retail sales growth expanded at a healthy pace in the year to July, albeit at a slightly slower rate than in the previous month, according to the latest monthly CBI Distributive Trades Survey.
The survey of 111 firms, of which 50 were retailers, showed that sales also stayed above average for the time of year. But orders placed on suppliers fell, disappointing expectations of continued growth.
The outlook for the coming month is less upbeat, with retailers expecting sales volumes and orders to flatten out.
Growth in online sales also slowed somewhat in the year to July, to a pace around the long-run average. Sales growth is expected to ease slightly further in the year to August.
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