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.