FOREX TradingCharts.com

Financial News: UK Retailers Expect Sales To Stabilize In December:

UK Retailers Expect Sales To Stabilize In December: CBI

11/24/2020 - 07:30:00 (RTTNews)

(RTTNews) - British retailers expect sales volumes to be broadly flat in the year to December with the nationwide lockdown due to end on December 2, the Distributive Trades Survey from the Confederation of British Industry showed on Tuesday.

Although sales volumes decreased in November, online sales posted its biggest growth in two years. The retail sales balance fell to -25 percent in November from -23 percent in October.

A balance of 55 percent said internet sales increased in November, the fastest since October 2018.

Orders decreased in November, but at the slowest pace since December 2019. The balance came in at -10 percent versus -39 percent in October. Orders are expected to fall at a similar pace next month.

"This month's survey gives hope that the economic impact of the Autumn lockdowns should not be as severe as in the Spring," Ben Jones, CBI principal economist, said.

Both consumers and firms are adapting as best they can, borne out in this month's strong online sales.

With encouraging progress on mass, rapid testing and vaccine solutions coming down the track, there is reason for growing consumer and business confidence going into 2021, Jones added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Singapore House Prices Rise At Faster Pace In Q4 (36 min(s), 16 sec(s) ago)
(RTTNews) - Singapore house prices increased at a faster pace in the fourth quarter, the Urban Red ...Full Story»

European Economics Preview: UK Retail Sales, PSNB, PMI Data Due (51 min(s), 16 sec(s) ago)
(RTTNews) - Retail sales, public sector finances and flash Purchasing Managers' survey results ...Full Story»

Australia Retail Sales Sink 4.2% In December (41 min(s), 44 sec(s) ago)
(RTTNews) - The total value of retail sales in Australia were down a seasonally adjusted 4.2 perce ...Full Story»

Japan Manufacturing PMI Slips To 49.7 In December - Jibun (36 min(s), 44 sec(s) ago)
(RTTNews) - The manufacturing sector slipped into contraction in December, the latest survey from ...Full Story»

Japan Overall Inflation Sinks 1.2% On Year In December (36 min(s), 44 sec(s) ago)
(RTTNews) - Overall consumer prices in Japan were down 1.2 percent on year in December, the Minist ...Full Story»

New Zealand Inflation Climbs 1.4% On Year In Q4 (06 min(s), 44 sec(s) ago)
(RTTNews) - Consumer prices in New Zealand jumped 1.4 percent on year in the fourth quarter of 202 ...Full Story»

New Zealand Consumer Prices Rise 1.4% On Year In Q4 (36 min(s), 44 sec(s) ago)
(RTTNews) - Consumer prices in New Zealand were up 1.4 percent on year in the fourth quarter of 20 ...Full Story»

Australia Manufacturing PMI Jumps In January - Markit (16 min(s), 44 sec(s) ago)
(RTTNews) - The manufacturing sector in Australia continued to expand in January, and at a faster ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Singapore House Prices Rise At Faster Pace In Q4

01/22/2021 - 00:31 AM (RTTNews)
(RTTNews) - Singapore house prices increased at a faster pace in the fourth quarter, the Urban Red ...Full Story>>

European Economics Preview: UK Retail Sales, PSNB, PMI Data Due

01/22/2021 - 00:16 AM (RTTNews)
(RTTNews) - Retail sales, public sector finances and flash Purchasing Managers' survey results ...Full Story>>

Australia Retail Sales Sink 4.2% In December

01/21/2021 - 19:49 PM (RTTNews)
(RTTNews) - The total value of retail sales in Australia were down a seasonally adjusted 4.2 perce ...Full Story>>

Japan Manufacturing PMI Slips To 49.7 In December - Jibun

01/21/2021 - 19:44 PM (RTTNews)
(RTTNews) - The manufacturing sector slipped into contraction in December, the latest survey from ...Full Story>>

Japan Overall Inflation Sinks 1.2% On Year In December

01/21/2021 - 18:44 PM (RTTNews)
(RTTNews) - Overall consumer prices in Japan were down 1.2 percent on year in December, the Minist ...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.