20 July 2016
Employment continues to grow, but underlying uncertainty remains.
Read the CBI/Pertemps Labour Market Update here.
21 December 2015
Internet sales rise thanks to Black Friday effect
High street sales growth accelerated in the year to December, according to the CBI’s latest monthly Distributive Trades Survey, which covers the crucial run-up to Christmas.
The survey of 118 firms showed the volume of retails sales picked up in December, and was slightly above the average for the time of year, albeit below retailers’ expectations. Growth in retail sales volumes is expected to slow somewhat next month.
Growth in orders placed upon suppliers recovered in the twelve months to December, after falling in the previous month, but is expected to be flat in the year to January.
Following Black Friday, internet sales volumes rose at their quickest pace since April, with the pace of growth expected to hold broadly steady in January.
Among the retail sub-sectors, grocers saw solid growth in the run-up to Christmas, rebounding from November’s lowest survey balance since May 2012. Another strong performance was reported in the clothing sector, but footwear & leather sales growth fell.
Wholesaling and motor traders saw robust growth in the year to December, with both sectors exceeding expectations. They expect a further pick-up in growth in January.
“It’s no surprise sales have recovered as we head into the final shopping days of the Christmas season.
“It would be ideal if the industry could keep that momentum into the New Year but retailers know 2015 was tough, and they’re expecting 2016 to start in much the same vein.
“Nevertheless, retailers are helping to make the pound in customers’ pockets go further, and low fuel prices should give an additional boost to consumer spending through the New Year.”
14 July 2016
Our regular roundup of the key economic indicators
14 July 2016
Carolyn and Josh focus on post-referendum priorities during their Westminster rounds