-
U.K. Retail Sales Growth Strongest Since 1988: CBI
British retail sales growth accelerated at its fastest pace in almost 26 years in December largely driven by "Black Friday" price cuts, survey data from the Confederation of British Industry showed Friday. About 71 percent of retailers said sales volume increased from a year ago, while 9 percent said sales were down, giving a balance of 61 percent, the Distributive Trades Survey revealed. This was the highest score since January 1988. Though sales are expected to rise more slowly in the year to January, robust growth is still anticipated resulting in the strongest growth in orders placed with suppliers for a year, it ... (full story)