High Street sales grow for third month running

Sales on the high street were higher than a year ago in September, representing the third consecutive year-on-year increase and surpassing expectations, according to the latest CBI quarterly Distributive Trades Survey. Retailers expect another strong rise in sales next month.

Sixty per cent of retailers surveyed said that the volume of sales rose during September, while 11% said that it fell, giving a balance of +49%.
This was the highest balance since May 2004 (+51%), and compares with an expected figure of +39% last month.

Sales volumes (+14%) were also above average for the time of the year for the first time since June 2007.

Source : The Retail Bulletin