UK: Retailers record slight sales gains in September
UK retailers recorded a slight rise in sales volumes in the year to September, and expects growth will strengthen somewhat next month, according to the CBI's latest Distributive Trades Survey.
According to the survey, 33% of retailers reported that sales volumes were up on the prior year, and 27% said they had fallen, leaving a balance of 6%.
A balance of 34% of footwear and leather retailers saw sales rise over the month.
"It is encouraging that sales on the high street have seen a slight rise in the year to September, and that retailers expect growth to pick up further next month," said CBI Distributive Trades Panel chair and Asda COO Judith McKenna.
"However, while the squeeze on family budgets may have eased in the short term thanks to the fall in inflation, on-going economic fragility, reflecting uncertainty around the international outlook, could affect household spending later in the year."
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