Latest UK CBI survey data now out 27 July
- 12 prev
- total distributive reported sales 21 vs 15 exp vs 17 prev
Not prime data but good background info. GBPUSD still enjoying itself at 1.3145 as EURGBP continues to slide.
Says the CBI:
Growth in internet sales was little changed from last month in the year to July, and marginally below the long-run average.
Looking ahead, retailers expect steady expansions in both sales and orders in the year to August, at paces similar to those seen this month.
The Confederation of British Industry (CBI) Distributive Trades Survey (DTS) measures the health of the retail sector. The reading is compiled from a survey of about 150 retail and wholesale companies.
It includes measures of sales activity across the distributive trades. It is a leading indicator of consumer spending. The figure is the difference between the percentage of retailers reporting an increase in sales and those reporting a decrease.
UK CBI reported distributive trades mm
