UK DATA: Retail Sales Growth Holds Up In November: CBI
–UK CBI Distributive Trades: Nov Sales Vol Balance +43% vs +36% Oct
–CBI: Dec Expected Sales Balance +45% vs +43% for Nov
–CBI: Nov Orders Volume Balance +33% vs +30% Oct
–CBI: Nov Quarterly Business Situation +11% vs +22 in Aug
–CBI: Nov Quarterrly Avg Selling Prices Expected +42 vs +66 Aug
–CBI: Nov Quarterly Employment Reported -5 vs -1 in Aug
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UK retail sales growth held up in November, with the monthly sales
volume balance picking up a little from October, and with the
expectations balance for December a bit higher still, according to the
Confederation of British Industry’s November survey. The quarterly
November survey showed some patches of weakness, with the reported
employment balance falling and with a decline in average expected
selling prices.