Tuesday, Jan 27, 2009
UK: Distributive Trades Survey Not Quite As Bad As Expected
CBI: NEW YEAR STARTS WITH A WHIMPER FOR UK HIGH STREET - CBI
Despite the New Year sales 2009 got off to a poor start for most UK retailers, who reported that sales continued to fall sharply, and expect that February will be as tough, the CBI said today.
In its latest Distributive Trades Survey, 16% of retailers said year-on-year sales volumes rose in the first half of January, while 63% said they were down.
The resulting balance of -47% represents another heavy fall in sales, but the decline was slightly slower than in December and broadly in line with expectations.
-- Previous was -55, consensus expectation was -53
Posted by 51ck-6-51x @ 11:39 AM (202 views) Add Comment
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