UK CBI May distributive trades survey report 23 May
- 38 prev
- total distributive reported sales 18 vs 31 exp vs 44 prev
Not prime data but one for general filing/info.Soggy reading all the same.
- CBI say retail sector sentiment at lowest since 2012
- reported selling prices rising at fastest pace in 6 years
- tepid trading conditions taking toll on retailers' investment, hiring plans
Rising inflation outstripping wages still the prime move here.
GBPUSD 1.2987 after the earlier hold of 1.2950 but 1.3000 capping still.
The Confederation of British Industry (CBI) Distributive Trades Survey (DTS) measures the health of the retail sector. The reading is compiled from a survey of about 150 retail and wholesale companies. It includes measures of sales activity across the distributive trades. It is a leading indicator of consumer spending. The figure is the difference between the percentage of retailers reporting an increase in sales and those reporting a decrease.
