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CBI Realized Sales survey showed sales volumes are expected to rise

Thursday, Feb 23 2017
CBI Realized Sales survey showed sales volumes are expected to rise

The survey of 128 firms, of which 64 were retailers, showed that sales volumes are expected to rise again in the year to March, albeit at a slightly slower pace. However, the volume of orders placed upon suppliers fell over the year to February, having been stable last month, and a further decline is expected next month. Sales for the time of year remained broadly in line with seasonal norms in February - for a second consecutive month - following above-average sales in the final two months of 2016.

The slight increase in overall retail sales volumes was driven by the clothing and non-store sectors, as well as other normal goods. Year-on-year growth in internet sales volumes slowed although retailers expect them to pick up slightly next month. Overall, retailers appear to have become more cautious in their outlook. Employment fell at the fastest pace for two years, with a similar reduction in headcount expected next month. Investment intentions for the year ahead also turned negative, following a modest improvement over the previous two quarters.

More in this category: « German Consumer optimism declines slightly Unemployment Claims rose to 244,000 »

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