LONDONâU.K. retail sales rose above a three-year high in August, as sales, warmer weather and summer holidays boosted demand, a survey by the Confederation of British Industry released Thursday showed.
The CBI monthly Distributive Trades Survey's retail sales balance rose to +35 in August from +33 in July, the highest level since April 2007 when it was +44.
The balance is the difference between the percentage of retailers reporting higher sales volumes than the corresponding month last year and those reporting lower sales. In August, 18% of respondents said sales were lower .
http://online.wsj.com/article/SB100...115594.html?mod=WSJEUROPE_hpp_LEFTTopWhatNews
The CBI monthly Distributive Trades Survey's retail sales balance rose to +35 in August from +33 in July, the highest level since April 2007 when it was +44.
The balance is the difference between the percentage of retailers reporting higher sales volumes than the corresponding month last year and those reporting lower sales. In August, 18% of respondents said sales were lower .
http://online.wsj.com/article/SB100...115594.html?mod=WSJEUROPE_hpp_LEFTTopWhatNews