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UK post-Christmas retail sales growth disappoints

Thursday, Jan 25 2018
UK post-Christmas retail sales growth disappoints

According to the latest CBI survey on Realized Sales that 33% of retailers said that sales volumes were up in January on a year ago, whilst 21% said they were down, giving a balance of +12%. This undershot expectations (+17%). 28% of respondents expect sales volumes to increase in February on a year ago with 14% expecting a decrease, giving a rounded balance of +13%.

Anna Leach, CBI Head of Economic Intelligence, said: “Retailers have seen fairly modest sales growth this month overall, but it is online retailers who have set the pace during the January sales. “Household spending will remain under pressure this year from higher inflation and low wage growth, which will continue to weigh on sales growth in the retail sector.”

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