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dpa-AFX: U.K. Retail Sales Set To Accelerate In September: CBI

| Quelle: dpa-AFX Analysen
LONDON (dpa-AFX) - British retailers expect strong growth in sales in the month ahead and they are most optimistic since May 2002, the latest Distributive Trades Survey from the Confederation of British Industry showed Thursday. Retailers expect sales volumes to grow at an even more robust pace of +42 percent next month. For August, the retail sales balance rose to 37 percent, which was bigger than the expected figure of 27 percent. Retailers expect their overall business situation to improve over the next three months to +25 percent, the highest figure since May 2002. The survey was conducted among 142 firms between July 24 and August 13. Katja Hall, CBI Deputy Director-General, said, 'The high streets have been bustling with shoppers this summer and it is good to see firms so optimistic about their business prospects for the next three months - higher than at any time since 2002.' Copyright RTT News/dpa-AFX
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