November 29, 2022

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UK CBI May retailing reported sales 18 vs 25 expected

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Latest data released by UK CBI – 25 May 2021

  • Prior 20
  • Total distributive reported sales 43
  • Prior 30

A bit of a miss on the headline reading and that suggests some slowing in retail sales after the flurry of demand seen in April after lockdown measures were lifted. CBI notes that:

“The fact that sales were in line with seasonal norms is a definite improvement from earlier in the year, but this month’s survey was perhaps a touch disappointing after April’s stronger results.”

The readings here are an indicator of short-term trends in the retail and wholesale sector of the UK economy. 

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