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Retailers enjoy sales boost from weather in July

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Staff Writer | Thursday July 27, 2017 8:13AM ET
UK retailers
Britain   Distributive Trades Survey

Further survey data emerged to support reports that UK retailers are enjoying the summer, the CBI's Distributive Trades Survey said on Thursday.


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Retail sales growth picked up in the year to July, the CBI found, with the average number of retailers reporting higher volumes than in the same month last year.

The survey found 48% of retailers said sales volumes were up in July on a year ago, whilst 26% said they were down, giving a balance of +22%, well up from +12% in June.

Looking to August, 40% of respondents expected sales volumes to increase next month, with 20% expecting a decrease, giving a balance of +20%.

In terms of orders placed, 32% of retailers placed more orders with suppliers than they did a year ago, whilst 22% placed fewer orders, giving a balance of +10%.

 

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