The retail sales balance in the UK, as indicated by the CBI distributive trades survey, dropped to -10 in May 2023 compared to the previous month's figure of +5. This result fell short of market expectations, which had anticipated a reading of +10. The latest reading pointed to a contraction in trade during the current month, following a modest increase in April, due to acute price pressures, with inflation remaining at historically high levels over the 12-month period leading up to May. Additionally, the CBI reported a decline in retail employment for the third consecutive quarter, with a significant drop to -48 in the year ending in May, signaling the largest decline since February 2009. Looking ahead, retailers are optimistic that sales volumes will stabilize in June, driven by improving consumer confidence and a projected reduction in energy prices. source: Confederation of British Industry

Cbi Distributive Trades in the United Kingdom averaged 17.14 Net Balance from 1983 until 2023, reaching an all time high of 72.00 Net Balance in July of 1984 and a record low of -55.00 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 June of 2023.

Cbi Distributive Trades in the United Kingdom is expected to be -17.00 Net Balance by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
United Kingdom CBI Distributive Trades



Calendar GMT Actual Previous Consensus TEForecast
2023-04-26 10:00 AM Apr 5 1 0 9
2023-05-25 10:00 AM May -10 5 10 -7
2023-06-23 10:00 AM Jun -10 0


Related Last Previous Unit Reference
Cbi Distributive Trades -10.00 5.00 Net Balance May 2023

United Kingdom CBI Distributive Trades
The Confederation of British Industry (CBI) Distributive Trades Survey (DTS) measures the health of the retail sector. The reading is compiled from a survey of about 150 retail and wholesale companies. It includes measures of sales activity across the distributive trades. It is a leading indicator of consumer spending. The figure is the difference between the percentage of retailers reporting an increase in sales and those reporting a decrease.
Actual Previous Highest Lowest Dates Unit Frequency
-10.00 5.00 72.00 -55.00 1983 - 2023 Net Balance Monthly
NSA

News Stream
UK Retail Sales Below Forecasts: CBI
The retail sales balance in the UK, as indicated by the CBI distributive trades survey, dropped to -10 in May 2023 compared to the previous month's figure of +5. This result fell short of market expectations, which had anticipated a reading of +10. The latest reading pointed to a contraction in trade during the current month, following a modest increase in April, due to acute price pressures, with inflation remaining at historically high levels over the 12-month period leading up to May. Additionally, the CBI reported a decline in retail employment for the third consecutive quarter, with a significant drop to -48 in the year ending in May, signaling the largest decline since February 2009. Looking ahead, retailers are optimistic that sales volumes will stabilize in June, driven by improving consumer confidence and a projected reduction in energy prices.
2023-05-25
UK Retail Sales Above Forecasts: CBI
The CBI distributive trades survey’s retail sales balance in the UK rose to +5 in April 2023 from +1 the month before, easily beating market expectations of 0, according to the CBI’s latest quarterly Distributive Trades Survey. The latest reading was the highest this year, suggesting a slight increase in retail trade over the previous year. However, most shop chains did not foresee a lasting improvement amid high inflation and rising borrowing costs, with sales expectations for May falling into negative territory.
2023-04-26
UK Retail Sales Stable for a 2nd Month: CBI
The CBI distributive trades survey’s retail sales balance in the UK edged down to +1 in March 2023 from +2 the month before, easily beating market expectations of -6 and suggesting retail sales volumes were broadly unchanged for a second consecutive month, according to the CBI’s latest quarterly Distributive Trades Survey. Orders placed upon suppliers were also broadly unchanged, while stock volumes were seen as elevated relative to expected sales. Looking ahead, sales are set to increase at a moderate pace next month, marking the first positive growth expectations since September 2022.
2023-03-27