UK: Clothing retail sales growth rises in November
British retailers have reported the third consecutive month of year-on-year sales growth in November, according to figures released today (29 November) by the Confederation of British Industry (CBI).
The business organisation's latest Distributive Trades Survey also reveals that the a balance of +33% of retailers reporting growth in retail sales volumes is the highest since June this year.
The volume growth reported by respondents in the clothing sector also proved better than expected at +29%, but was weaker than the +57% seen in October.
"This months' survey is reason to be cheerful as we head into the festive period," said Anna Leach, CBI head of economic analysis.
"Retailers across the board will be heartened by these encouraging results. The increase in employment, along with expectations for improvement in the business situation over the next quarter, point to a welcome boost to the sector."
But she added: "There is some way to go before activity on the high street is back to normal."
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