Recent data indicates a positive shift in the UK economy, with strong retail sales suggesting a potential emergence from recession. The Confederation of British Industry's (CBI) Distributive Trades Survey for March showed an actual figure of 2, surpassing expectations (EST -14) and previous months' results (PREVIOUS -7). Despite these optimistic indicators, some voices remain cautious about the UK's economic recovery.
The UK likely to sink further into recession https://t.co/J4igbhCl0g
UK CBI Total Dist. Reported Sales Mar: 8 (prev 5) - CBI Retailing Reported Sales Mar: 2 (est -14; prev -7)
🇬🇧 United Kingdom CBI Distributive Trades Survey (Mar) $GBP Actual: 2 🟢 Expected: -13 Previous: -7
🔴 UK CBI DISTRIBUTIVE TRADES ACTUAL 2 (FORECAST -13.5, PREVIOUS -7) $MACRO
UK CBI DISTRIBUTIVE TRADES SURVEY (MAR) ACTUAL: 2 VS -7 PREVIOUS; EST -14
Better moment for UK economy likely to come too late for Rishi Sunak | Richard Partington https://t.co/wrGVfEBYWy
🇬🇧 Strong retail sales boost hopes that Britain is out of recession https://t.co/AMegwSAW1D