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Despite all Brexit fears retail activity in UK falls less than feared POST Online Media

Despite all Brexit fears retail activity in UK falls less than feared

Staff Writer | Wednesday September 26, 2018 10:33AM ET
UK furniture
Britain   Growth in sales volumes was reported in the durable household goods

Retail activity among larger high street operators weakened less than expected this month, according to the latest industry survey by the CBI.


The CBI monthly distributive trades survey found the balance of retailers reporting higher sales volumes over those reporting lower sales volumes fell to 23 in September from 29 a month earlier, but not as low as the market's expected balance of 16.

The balance came from 31% of respondents reporting that sales volumes were up on a year ago, while 9% said they were down.

Growth in sales volumes was reported in the durable household goods, hardware & DIY, internet and mail order, and other normal goods sub-sectors but fell for department stores, footwear & leather, chemists and recreational goods sub-sectors.

 

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