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Despite all Brexit fears retail activity in UK falls less than feared

Staff Writer |
Retail activity among larger high street operators weakened less than expected this month, according to the latest industry survey by the CBI.

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The CBI monthly distributive trades survey found the balance of retailers reporting higher sales volumes over those reporting lower sales volumes fell to 23 in September from 29 a month earlier, but not as low as the market's expected balance of 16.

The balance came from 31% of respondents reporting that sales volumes were up on a year ago, while 9% said they were down.

Growth in sales volumes was reported in the durable household goods, hardware & DIY, internet and mail order, and other normal goods sub-sectors but fell for department stores, footwear & leather, chemists and recreational goods sub-sectors.

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