Economy

December brings festive season lull on high streets

Responding to the CBI’s latest monthly Distributive Trades Survey during the first two weeks of December, 36 per cent of retailers reported an increase in volume of sales compared to a year ago, and 17 per cent a decrease.

The resulting balance of +19 per cent, though broadly in line with the long-run average (+21 per cent), matched neither the stronger increases in sales volumes seen in the previous two months (+30 and +33 per cent), nor retailers’ expectations (+25 per cent).

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