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Ekonomické zprávy
24.02.2022

Growth in UK retail sales volumes slowed much more than anticipated in February - CBI

The Confederation of British Industry (CBI) announced on Thursday its latest survey of retailers showed that retail sales volume balance fell to +14 in the year to February from +28 in the previous month. This, however, was above seasonal norms in February (+16).

Economists had expected the reading to drop to +25.

The report also revealed that retail sales volumes were anticipated to dip to -1 in March. This is seen as normal level for this time of the year. In other survey results, stocks in relation to expected sales were estimated as slightly poor, despite m-o-m improvement (-4 from -11 in January). They are expected to increase slightly next month (+4).

The pace of increase of retail selling prices accelerated steeply in the year to February (+75 from +77 in November), and are forecast to quicken slightly more next month (+81). Meanwhile, employment growth slowed in the year to February (+8 from +19 in November) and is seen to rise at a similar pace in March (+5).


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