UK December CBI retailing reported gross sales -15 vs -18 prior

The month-to-month retail gross sales stability solely noticed a marginal enchancment in December however continues to maintain in unfavourable territory. Equally, the measure of anticipated retail gross sales for January stays unfavourable at -11 however at the least is an enchancment to -29 within the month earlier than. CBI notes that:

“Retailers have endured a dark festive interval. Wanting forward, retailers anticipate gross sales to fall once more in January whereas wholesalers and motor merchants are braced for sharper gross sales declines.”

This text was written by Justin Low at www.ubaidahsan.com.



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