The CBI distributive trades survey’s retail sales balance rose 22 points from the previous month to -3 in December 2020, but missing market expectations of 0. The latest value suggested retail sales volumes recovered after two months of sharp declines to stand broadly flat for the year to December, with retailers viewing sales as good for the time of year to the greatest extent since March 2019. Among sub-sectors, grocers, furniture vendors and retailers of ‘other normal goods’ (cards, flowers and jewelry, etc.) saw strong growth; while clothing, footwear and department stores continued to report that volumes were lower than a year earlier. Meanwhile, orders placed also broadly stabilized after 13 consecutive months of decline. Looking ahead, overall retail sales volumes and orders placed with suppliers are expected to fall sharply in the year to January, with sales expected to be below seasonal norms. source: Confederation of British Industry
Cbi Distributive Trades in the United Kingdom averaged 18.02 Net Balance from 1983 until 2020, 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 January of 2021.
Cbi Distributive Trades in the United Kingdom is expected to be -4.00 Net Balance by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Cbi Distributive Trades in the United Kingdom to stand at 9.00 in 12 months time. In the long-term, the United Kingdom CBI Distributive Trades is projected to trend around 7.00 Net Balance in 2021 and -4.00 Net Balance in 2022, according to our econometric models.