UK May CBI retailing reported sales -27 vs 6 expected

Author: Justin Low | Category: News

Latest data released by CBI - 24 May 2019

UK CBI
  • Prior 13
  • Total distributive reported sales -20
  • Prior 9
ForexLive
The readings here are an indicator of short-term trends in the retail and wholesale sector of the UK economy. Those are some poor figures and the details aren't any better either. Quarterly retail investment intentions fell to the weakest on record since the survey began in 1938 while retail sales balance for time of year was the lowest since March 2009.

It's not a focal point for the pound now but expect this to weigh on Q2 economic data, particularly after we saw the factory orders data earlier in the week.

P/S: The post here is a little late as we were running some updates on the site, but make sure to also follow us on Twitter @ ForexLive so as to not miss out on any timely information!

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