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UK retail sales growth slows to 6-month low in Sept - CBI

Economic IndicatorsSep 24, 2021 11:25
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© Reuters. FILE PHOTO: Shoppers cross the road in Oxford Street, in London, Britain August 14, 2016. REUTERS/Peter Nicholls/File Photo

LONDON (Reuters) - British retailers reported much slower growth in September after strong demand over the summer months, though shops expect a rebound in October despite growing supply chain difficulties, the Confederation of British Industry said on Friday.

The CBI's monthly distributive trade survey showed the headline sales balance for retailers tumbled to +11 in September from +60 in August, its lowest level since March and below all forecasts in a Reuters poll of economists.

"Low stock adequacy remains a concern across the distribution sector," CBI economist Ben Jones said.

"Respondents to our survey have told us that they do not expect the transport and production issues that are causing these shortages to ease significantly until at least next year and, in some cases, beyond," he added.

UK retail sales growth slows to 6-month low in Sept - CBI
 

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Comments (2)
Peter Lewis
Petelewis1994942 Sep 24, 2021 12:08
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Thats why boris is leading this move to force panic buying - to ease the next set of data from revealing the magnitude of the brex ****disaster.
Matthew Webster
Matthew Webster Sep 24, 2021 12:03
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It's ok though, because we've taken back control...
 
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