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Uk Retail Sales Growth Slowed In October, Says Cbi

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http://www.bbc.co.uk/news/business-11642993

Retail sales slowed in October from the month before, according to the latest CBI distributive trades survey.

The CBI said that although sales rose for the fourth month running, the slower pace reflected a more subdued housing market.

The survey found that 58% of retailers said sales rose in October, with 22% reporting a fall, a balance of +36%.

This down on the +49% in September, and below the +47% retailers had forecast for October in last month's survey.

Lai Wah Co, the CBI's head of economic analysis, said: "High Street sales in aggregate have performed well again this month, but sales of durable household goods have slowed noticeably, in line with more subdued housing market activity of late."

As in the previous month, the clothing, footwear and leather sectors saw strong sales growth.

Looking to November, a balance of +43% of retailers expect a higher volume of sales than a year ago.

"Retailers expect sales growth to continue next month, in the run-up to Christmas. We should also see a boost to sales as shoppers look to beat the New Year VAT rise," the CBI said.

Damn if only I'd bought 2 tv's instead of 1 then these figures might be better.

Please go out and buy something, it really doesn't matter what as long as you buy something. If you have no money this isn't a problem as you can borrow it especially if you can get a credit card. Of course this could be a short term boost as at some point you might be expected to pay the borrowed money back which could effect future demand but that's a different problem entirely.

Spend to save the economy, don't delay help keep the miracle economy going.

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But but but--didn't we just hear that the massive upward "growth" (from 1.2% to 0.8%) was an indication that the recovereh was locked in as the loss of public sector jobs would be cancelled out by growth in the private sector which relies on retail sales to get the factories busy?

Confused? I am. :blink:

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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