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Pace of growth on UK high street picks up - CBI survey
Retailers at their most optimistic since 2002 Retail sales grew strongly in the year to August with the pace of growth expected to accelerate again in the month ahead, according to the CBI’s latest quarterly Distributive Trades Survey. The survey of 142 firms also showed that sales were broadly average for the time of year with retailers more optimistic about their business situation for the next quarter than at any time since May 2002. Sales volumes rose particularly strongly among grocers, chemists and furniture & carpet retailers, but specialist food & drink retailers recorded a fall in sales volumes. ... (full story)