The United Kingdom's CBI Distributive Trades Survey for May reported a significant improvement in retail sales, with an actual reading of 8, compared to an expected -24 and a previous -44. This marks the strongest reading since December 2020. Additionally, the CBI's total distributive reported sales for May were 7, up from -8 in the previous month. The CBI's quarterly measure of selling price inflation in the retail sector was the slowest since August 2020. The UK CBI May retail sales balance was the strongest in eight months. Expected retail sales for June are projected to be -4, compared to -19 for May.
⚠️ UK CBI MAY RETAIL SALES BALANCE +8 VS APRIL -44, STRONGEST READING SINCE DECEMBER 2020 **UK CBI MAY RETAIL SALES FOR TIME OF YEAR STRONGEST IN EIGHT MONTHS **UK CBI EXPECTED RETAIL SALES FOR JUNE -4 VS -19 FOR MAY **UK CBI QUARTERLY MEASURE OF SELLING PRICE INFLATION IN…
UK CBI QUARTERLY MEASURE OF SELLING PRICE INFLATION IN RETAIL SECTOR WAS THE SLOWEST SINCE AUGUST 2020.
UK CBI Retailing Reported Sales May: 8 (est -25; prev -44) - CBI Total Dist. Reported Sales May: 7 (prev -8)
UK CBI DISTRIBUTIVE TRADES ACTUAL 8 (FORECAST -25, PREVIOUS -44) $MACRO
🇬🇧 United Kingdom CBI Distributive Trades Survey (May) $GBP Actual: 8 🟢 Expected: -24 Previous: -44
UK May CBI retailing reported sales 8 vs -44 prior https://t.co/cXcuYKukFG