skip to main content
  • *
  • *
Find Insight DIY on
* * *


High Street sales still subdued

The Confederation of British Industry (CBI) has played down high street sales growth in the latest figures, saying the upturn in the economy is still relatively subdued.

Although recent reports show retail outlets are seeing some increase in custom, the organisation urges caution in assuming the statistics are proof of long-term recovery.

Director general John Cridland says: "Household budgets are being persistently squeezed by the gap between price inflation and weak wage growth.

"Given these challenging consumer conditions, it is good news that retail sales growth is stable."

In its latest quarterly Distributive Trades survey, the CBI found a net balance of +18 per cent of retailers saw sales rise in the fortnight before May 16th, compared with those who saw them fall.

This is a full 19 percentage points above the expected result of -1 per cent, but the body says it tallies with "muted sales growth" seen over the quarter.

Source : My

25 May 2011
view more UK DIY News

Thank you for the excellent presentation that you gave at Woodbury Park on Thursday morning. It was very interesting and thought-provoking for our Retail members. The feedback has been excellent.

Martin Elliott. Chief Executive - Home Hardware.

Don't miss out on all the latest, breaking news from the DIY industry