FOREX TradingCharts.com

Financial News: UK Retailers Log Weakest Sales Since May 2020:

UK Retailers Log Weakest Sales Since May 2020: CBI

01/26/2021 - 06:31:00 (RTTNews)

(RTTNews) - UK retailers posted the weakest sales since May 2020 amid lockdown restrictions, survey results from the Confederation of British Industry showed Tuesday.

According to Distributive Trades Survey, the retail sales balance fell to -50 percent in January from -3 percent in December. This was the lowest since May 2020. A net 47 percent expects sales to fall again next month.

Similarly, the order book balance declined to -45 percent from -4 percent a month ago. A net 44 percent forecasts orders to drop in February.

At the same time, online sales growth eased slightly to around the long run average, with the balance dropping to +43 percent from +51 percent.

"With the lockdown likely to remain in place in the near-term, retailers expect this weakness to continue," Ben Jones, CBI Principal Economist, said. It is therefore vital that government support continues in parallel to restrictions.

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


Portugal Inflation Rises In February (09 min(s), 49 sec(s) ago)
(RTTNews) - Portugal's consumer prices inflation increased in February, preliminary data from ...Full Story»

Latvia Retail Sales Decrease In January (16 min(s), 49 sec(s) ago)
(RTTNews) - Latvia's retail sales declined in January, figures from the Central Statistical Bu ...Full Story»

Greece Producer Prices Declined At A Softer Pace (22 min(s), 49 sec(s) ago)
(RTTNews) - Greece producer prices continued to fall in January, data from the Hellenic Statistica ...Full Story»

Slovakia Producer Prices Fall Further (24 min(s), 49 sec(s) ago)
(RTTNews) - Slovakia's producer prices decreased further in January, figures from the Statisti ...Full Story»

Cyprus Output Prices Decline Eases In January (33 min(s), 49 sec(s) ago)
(RTTNews) - Cyprus industrial output prices declined at a softer pace in January, figures from the ...Full Story»

Swiss GDP Growth Weakens In Q4 (01 hr(s), 13 min(s), 49 sec(s) ago)
(RTTNews) - Switzerland's economic growth eased sharply in the fourth quarter as the restricti ...Full Story»

Sweden Retail Sales Rise; Trade Surplus Fall (01 hr(s), 16 min(s), 49 sec(s) ago)
(RTTNews) - Sweden's retail sales logged an annual growth in January and the trade surplus dec ...Full Story»

Finland Trade Surplus Rises Less Than Estimated (01 hr(s), 48 min(s), 49 sec(s) ago)
(RTTNews) - Finland's trade surplus rose less than initially estimated in December, final figu ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Portugal Inflation Rises In February

02/26/2021 - 07:13 AM (RTTNews)
(RTTNews) - Portugal's consumer prices inflation increased in February, preliminary data from ...Full Story>>

Latvia Retail Sales Decrease In January

02/26/2021 - 07:06 AM (RTTNews)
(RTTNews) - Latvia's retail sales declined in January, figures from the Central Statistical Bu ...Full Story>>

Greece Producer Prices Declined At A Softer Pace

02/26/2021 - 07:00 AM (RTTNews)
(RTTNews) - Greece producer prices continued to fall in January, data from the Hellenic Statistica ...Full Story>>

Slovakia Producer Prices Fall Further

02/26/2021 - 06:58 AM (RTTNews)
(RTTNews) - Slovakia's producer prices decreased further in January, figures from the Statisti ...Full Story>>

Cyprus Output Prices Decline Eases In January

02/26/2021 - 06:49 AM (RTTNews)
(RTTNews) - Cyprus industrial output prices declined at a softer pace in January, figures from the ...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.