The CBI distributive trades survey’s retail sales balance in the UK decreased to -5 in June from -1 in May, the third successive month in which volumes have failed to grow and below market expectations of -3. Retailers expect sales volumes to be broadly unchanged over the year to July. “Retail volumes are struggling as high inflation eats away at consumers’ budgets. The squeeze on household incomes appears to have offset any boost to activity from the extended Platinum Jubilee bank holiday earlier this month.” Said Ben Jones, Lead Economist at the CBI. source: Confederation of British Industry
Cbi Distributive Trades in the United Kingdom averaged 17.55 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 July of 2022.
Cbi Distributive Trades in the United Kingdom is expected to be -9.00 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.