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