The CBI distributive trades survey’s retail sales balance in the UK was at -4 in July of 2022 from -5 in June, showing that retail sales volumes continued to fall slightly for a fourth consecutive month, as consumers struggle to cope with the effects of the cost-of-living crisis. Next month, retailers expect sales to decline at a faster pace (-14%, the lowest reading since March of 2021) and orders are also seen falling more while stock positions are expected to remain “too high”. “For wholesalers, high inflation and weakening economic momentum has meant that sales volumes have now fallen following a solid period of growth stretching back to March 2021. The Government needs to act to inspire business confidence and stimulate growth. Fundamentally reforming both business rates and the apprenticeship levy are crucial starting points to encourage investment, which will play a key role in improving living standards in the long-term”, Martin Sartorius, Principal Economist, said. source: Confederation of British Industry
Cbi Distributive Trades in the United Kingdom averaged 17.51 Net Balance from 1983 until 2022, reaching an all time high of 72 Net Balance in July of 1984 and a record low of -55 Net Balance in December of 2008. This page provides - United Kingdom CBI Distributive Trades- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom CBI Distributive Trades - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Cbi Distributive Trades in the United Kingdom is expected to be 11.00 Net Balance by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom CBI Distributive Trades is projected to trend around 11.00 Net Balance in 2023 and 5.00 Net Balance in 2024, according to our econometric models.