FOREX TradingCharts.com

Financial News: UK Retailers Plan To Raise Investment: CBI

UK Retailers Plan To Raise Investment: CBI

02/25/2020 - 06:18:00 (RTTNews)

(RTTNews) - British retailers plan to raise their investment in the year ahead for the first time in two years, the latest quarterly Distributive Trends Survey from the Confederation of British Industry showed Tuesday.

The balance for investment intentions rose to +26 percent from -38 percent in November, which was the biggest swing since the survey began in 1983. At the same time, the business optimism balance was unchanged at 4 percent.

A net 1 percent of retailers reported a rise in sales volume in the year to January and a balance of -3 percent forecasts fall in sales in the year to March.

Sales were seen as poor for the time of year in February as the balance came in at -14 percent.

The prospects for a recovery in investment in the retail sector are on the up, Ben Jones, CBI principal economist, said. This is particularly the case among large retailers, driven by shifts online and the trend for re-purposing retail space.

"Overall, underlying momentum in the UK economy remains subdued at the start of 2020, but we continue to expect a mild improvement over the course of the year," 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


World Bank Warns Of Severe Economic Pain In Asia-Pacific Due To Covid-19 (03 hr(s), 25 min(s) ago)
(RTTNews) - Developing economies in East Asia and the Pacific are facing the prospect of a global ...Full Story»

U.S. Consumer Confidence Deteriorates Amid Uncertainty About Outlook (04 hr(s), 58 min(s) ago)
(RTTNews) - Reflecting a deterioration in the short-term outlook, the Conference Board released a ...Full Story»

UK Grocery Sales Grow At Record Pace In March: Kantar (05 hr(s), 07 min(s) ago)
(RTTNews) - UK grocery sales grew at a record rate in March as Britons prepared for a long stay at ...Full Story»

Chicago Business Barometer Dips Much Less Than Expected In March (05 hr(s), 10 min(s) ago)
(RTTNews) - A report released by MNI Indicators on Tuesday showed a continued contraction in Chica ...Full Story»

Spain Q4 GDP Expands Less Than Estimated (06 hr(s), 50 min(s) ago)
(RTTNews) - Spain's economy grew less than initially estimated in the fourth quarter, revised ...Full Story»

German Unemployment Rises Marginally In March (07 hr(s), 14 min(s) ago)
(RTTNews) - German unemployment increased less than expected in March ahead of strict containment ...Full Story»

Denmark GDP Expands More Than Estimated (07 hr(s), 18 min(s) ago)
(RTTNews) - Denmark's economy grew more than initially estimated in the fourth quarter, revise ...Full Story»

Portugal Jobless Rate Falls In February (07 hr(s), 46 min(s) ago)
(RTTNews) - Portugal's unemployment rate decreased in February, figures from Statistics Portug ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

World Bank Warns Of Severe Economic Pain In Asia-Pacific Due To Covid-19

03/31/2020 - 11:56 AM (RTTNews)
(RTTNews) - Developing economies in East Asia and the Pacific are facing the prospect of a global ...Full Story>>

U.S. Consumer Confidence Deteriorates Amid Uncertainty About Outlook

03/31/2020 - 10:23 AM (RTTNews)
(RTTNews) - Reflecting a deterioration in the short-term outlook, the Conference Board released a ...Full Story>>

UK Grocery Sales Grow At Record Pace In March: Kantar

03/31/2020 - 10:14 AM (RTTNews)
(RTTNews) - UK grocery sales grew at a record rate in March as Britons prepared for a long stay at ...Full Story>>

Chicago Business Barometer Dips Much Less Than Expected In March

03/31/2020 - 10:11 AM (RTTNews)
(RTTNews) - A report released by MNI Indicators on Tuesday showed a continued contraction in Chica ...Full Story>>

Spain Q4 GDP Expands Less Than Estimated

03/31/2020 - 08:31 AM (RTTNews)
(RTTNews) - Spain's economy grew less than initially estimated in the fourth quarter, revised ...Full Story>>
Copyright © 2020. 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.