Sales volume growth at clothing retailers accelerated in the year to October

Sales volume growth at clothing retailers accelerated in the year to October

Sales volume growth at UK clothing retailers accelerated in the year to October, with a similar increase expected for next month, according to new figures.

The latest monthly Distributive Trades Survey from the Confederation of British Industry (CBI), found October sales volumes at clothing retailers grew, with a balance of respondents (+86%) reporting growth on a year ago.

This was higher than the balance of +27% which saw growth in the year to September.

A balance of -14% of footwear and leather retailers, however, saw sales volumes decline, compared to +61% last month.

Sales volumes for the retail sector as a whole increased, with 48% of retailers saying sales volumes increased in the year to September, while 17% said they fell, giving a balance of +31%.

The volume of sales over a three-month moving average was +33%, the highest since February 2011 (+33%). And retail sales volumes are expected to rise at the same rate again in the year to November.

"Sales on our high streets are still ticking along and, with similar prospects next month, retail growth is looking more stable," said Rain Newton-Smith, CBI director of economics.

"The clothing sector in particular appears to be bouncing back after the mild weather in September deterred people from buying their winter warmers."

Although the recent fall in inflation may help the spirits of households by making their budgets stretch further, Newton-Smith said factors such as the Eurozone stalling, conflict in the Middle East and tensions over Ukraine could impact consumer confidence.