Retail sales growth continues

The CBI’s latest quarterly Distributive Trades Survey covers the first two weeks in November and revealed that year-on-year sales volumes grew for the third successive month, with 49 per cent of retailers reporting an increase and 16 per cent a reduction in their volume of sales compared to a year ago. The resulting balance of +33 per cent is the highest since June this year (+42 per cent) and more than the anticipated +27 per cent.