UK June CBI retailing reported sales 32 vs 10 expected

UK June CBI retailing reported sales 32 vs 10 expected

Latest data release by the CBI – 27 June 2018

  • Prior 11
  • Total distributive trades 18 vs 17 prior

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

Retail sales balance jumps to a nine-month high. Looking at the report, orders placed with suppliers rose to a seven-months high and that is one of the bigger contributors to the jump here.

Although a minor data point, it’s one that is a positive for sterling and the UK economic outlook in Q2 moving into Q3 at the very least.

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