21.8 C
Munich
Monday, June 21, 2021

UK CBI May retailing reported sales 18 vs 25 expected

Must read


Latest data released by UK CBI – 25 May 2021

  • Prior 20
  • Total distributive reported sales 43
  • Prior 30

A bit of a miss on the headline reading and that suggests some slowing in retail sales after the flurry of demand seen in April after lockdown measures were lifted. CBI notes that:

“The fact that sales were in line with seasonal norms is a definite improvement from earlier in the year, but this month’s survey was perhaps a touch disappointing after April’s stronger results.”

The readings here are an indicator of short-term trends in the retail and wholesale sector of the UK economy. 

Invest in yourself. See our forex education hub.



Source link

- Advertisement -spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article