UK March CBI retailing reported sales -45 vs -37 expected

Author: Justin Low | Category: News

Latest data released by CBI - 25 March 2021

  • Prior -45
  • Total distributive reported sales -28
  • Prior -35
UK retail sales gauge continues to keep rather weak in March, with sales reflecting a sharp fall once again. The good news though is that expected sales for the month ahead (April) jumped up to +17 from -62 previously, so there is some optimism in the report.

That suggests that as the vaccine rollout progresses and the economy reopens, consumer sentiment is expected to pick up down the road.
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