FOREX TradingCharts.com

Financial News: UK Retail Sales Rise Most Since 2018: CBI

UK Retail Sales Rise Most Since 2018: CBI

04/27/2021 - 07:01:00 (RTTNews)

(RTTNews) - UK retailers reported the strongest growth in sales since September 2018, according to the Distributive Trades Survey, released by the Confederation of British Industry.

The retail sales balance rose more-than-expected to +20 percent in April from -45 percent in March. The balance was forecast to improve to -5 percent.

This was the highest score since September 2018 and the increase was partly driven by base effects due to the sharp fall in sales volumes seen in April 2020. A net 10 percent expects sales to rise next month.

Order volumes were broadly flat in the year to April and a net 8 percent expected volume to fall in the year to May.

A net 16 percent of retailers reported sales volumes as good for the time of year, compared to -37 percent in March. Sales are expected to remain above seasonal norms next month.

"Despite progress along the roadmap, the impact of Covid-19 restrictions are still biting hard," Ben Jones, principal economist at the CBI, said.

"And retailers are still facing challenges around inventory management and their supply chains, amid trade disruption, big shifts in consumer behaviour and uncertainty over how long some degree of social distancing could remain in place," Jones added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


New Zealand Service Sector Accelerates In April - BusinessNZ (01 hr(s), 07 min(s), 43 sec(s) ago)
(RTTNews) - The services sector in New Zealand continued to expand in April, and at a faster pace, ...Full Story»

China Data On Tap For Monday (01 hr(s), 48 min(s), 43 sec(s) ago)
(RTTNews) - China is scheduled to release a raft of data on Monday, headlining a busy day for Asia ...Full Story»

ECB Minutes Signal June Review Of Economic Outlook, Stimulus (07 hr(s), 51 min(s), 43 sec(s) ago)
(RTTNews) - Policymakers are looking forward to review the Eurozone economic and inflation outlook ...Full Story»

U.S. Consumer Sentiment Unexpectedly Deteriorates In May (08 hr(s), 31 min(s), 43 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. has unexpectedly decreased in the month of May, accordi ...Full Story»

U.S. Business Inventories Increase In Line With Estimates In March (08 hr(s), 39 min(s), 43 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Friday showing business inventories in th ...Full Story»

U.S. Industrial Production Climbs Less Than Expected In April (09 hr(s), 01 min(s), 43 sec(s) ago)
(RTTNews) - Industrial production in the U.S. increased by less than expected in the month of Apri ...Full Story»

U.S. Import Prices Climb 0.7% In April, Slightly More Than Expected (10 hr(s), 08 min(s), 43 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Friday showed U.S. import prices increase ...Full Story»

U.S. Retail Sales Unchanged In April After Soaring In March (10 hr(s), 36 min(s), 43 sec(s) ago)
(RTTNews) - After reporting a sharp increase in U.S. retail sales in the previous month, the Comme ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

New Zealand Service Sector Accelerates In April - BusinessNZ

05/16/2021 - 18:42 PM (RTTNews)
(RTTNews) - The services sector in New Zealand continued to expand in April, and at a faster pace, ...Full Story>>

China Data On Tap For Monday

05/16/2021 - 18:01 PM (RTTNews)
(RTTNews) - China is scheduled to release a raft of data on Monday, headlining a busy day for Asia ...Full Story>>

ECB Minutes Signal June Review Of Economic Outlook, Stimulus

05/14/2021 - 11:58 AM (RTTNews)
(RTTNews) - Policymakers are looking forward to review the Eurozone economic and inflation outlook ...Full Story>>

U.S. Consumer Sentiment Unexpectedly Deteriorates In May

05/14/2021 - 11:18 AM (RTTNews)
(RTTNews) - Consumer sentiment in the U.S. has unexpectedly decreased in the month of May, accordi ...Full Story>>

U.S. Business Inventories Increase In Line With Estimates In March

05/14/2021 - 11:10 AM (RTTNews)
(RTTNews) - The Commerce Department released a report on Friday showing business inventories in th ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.