19 February 2019
Labour market statistics for October 2018 to December 2018 show employment increased by 167,000 compared with the previous quarter, while unemployment decreased 14,000.
26 March 2015
Retail sales recovered in the year to March after last month’s disappointing figures, according to the latest CBI monthly Distributive Trades survey.
The survey of 126 firms showed that after sales growth ground to a near halt in February, volumes grew solidly this month and are expected to grow at a broadly similar pace in April.
Sales growth for chemists reached a near 17-year high, while furniture and carpets businesses also reported decent growth. In contrast, sales were flat among grocers’ after falling last month, and they fell in footwear & leather. Internet sales growth eased for a fourth month running, although a stronger rise is expected next month.
Retail orders picked up in the year to March, following a dip last month.
Elsewhere, wholesale volumes grew briskly in the year to March, albeit slowing somewhat on the previous survey. Motor traders saw a more modest rise in sales over the year, with expectations of faster growth next month.
Rain Newton-Smith, CBI Director for Economics, said:
“Sales have recovered following a tough month in February for retailers, and we expect solid growth to continue through Easter.
“The outlook ahead is looking bright, with household incomes buoyed by zero inflation and improving pay packets, which will continue to encourage spending.
“However, the retail sector isn’t in the clear yet, with some companies, especially food retailers, still feeling the heat from stiff price competition.”
19 February 2019
08 February 2019
Recent business surveys suggest that the UK economy has maintained a slow pace of growth into early 2019, driven, at least in part, by continuing Brexit uncertainty, which has negatively impacting business confidence across multiple sectors.
07 February 2019
The Bank has downgraded its forecast for 2019 growth to 1.2%, which would be the weakest expansion since 2009.