• Hlavní
  • Analytika
  • Zprávy z trhu
  • Growth in UK retail sales volumes accelerates much more than forecast in October - CBI
Ekonomické zprávy
26.10.2021

Growth in UK retail sales volumes accelerates much more than forecast in October - CBI

The Confederation of British Industry (CBI) reported on Tuesday its latest survey of retailers showed retail sales volume balance climbed to +30 in the year to October from +11 in September.

Economists had forecast the reading to increase to +13.

The report also revealed that retail sales volumes were expected to accelerate further next month (+35). Sales in October were seen by retail firms as broadly average for the time of year (-1 from -11 in September) but were forecast to be above seasonal norms next month (+12). In other survey results, stocks in relation to expected sales reached a survey record low for the seventh consecutive month (-31 from -23), although a slight easing in stock pressures was seen next month (-27).

“The UK’s economic recovery has been pretty bumpy lately and the same seems true of the retail sector. Sales performance has jumped around in recent months, while stock shortages continue to bite,” noted Ben Jones, CBI Principal Economist. “Disruption to supply chains, combined with staff shortages and uncertain public health conditions mean retailers are finding it difficult to plan for the winter ahead."

Podívejte se také