UK retail sales survey highest since April 2019, CBI says – ZAWYA

UK retail sales survey highest since April 2019, CBI says – ZAWYA

uk retail sales survey highest since april 2019, cbi says the retail sector has been hit hard by the covid-19 pandemic    london - a gauge of british retail sales surged in july to its highest level in over a year as more of the economy reopened following the coronavirus lockdown, driven mostly by grocery sales, a survey showed on tuesday.the confederation of british industry's monthly retail sales balance rose to +4 from -37 in june, its highest since april 2019 but still signalling only modest year-on-year growth in sales."it's great to see retail sales stabilise this month, but this doesn't tell the whole story," said cbi chief economist rain newton-smith.the retail sector has been hit hard by the covid-19 pandemic, spurring a wave of layoffs."this crisis has created winners and losers within the retail sector and for some businesses the picture remains bleak," newton-smith said.the survey of 61 retail chains showed they expect a slightly weaker performance in august.(reporting by andy bruce, editing by david milliken) (([email protected]; +442075423484; reuters messaging: [email protected])) most read stock market datadubai fm 2,065.30325,335,440(0.19% )abu dhabi se 4,324.32981,052,844(-0.15% )saudi se 7,448.22173,363,931(-0.10% )egypt se 10,588.95118,381,011(0.13% )most active stocks moreour privacy statement & cookie policythis website uses