UK December CBI retailing reported sales -3 vs 0 expected

Author: Justin Low | Category: News

Latest data released by CBI - 21 December 2020

  • Prior -25
  • Total distributive reported sales -2
  • Prior -21
UK retail sales is seen picking up ahead of the Christmas period, with CBI noting that:

"It says something about the challenges the retail sector has faced during 2020 that stable volumes in the run-up to Christmas were seen as a good result for the time of the year. The new year looks set for an unpromising start, with retailers anticipating a sharp fall in sales in January."
Of note, the outlook reading is seen at -33 and the thing to note about this survey is that it came before tougher lockdown restrictions were announced for London and southern England over the weekend by the government.
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The readings here are an indicator of short-term trends in the retail and wholesale sector of the UK economy.

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