UK Consumers Held Back Spending Ahead Of Autumn Budget - CBI Survey
LIKE.TG 成立于2020年，总部位于马来西亚，是首家汇集全球互联网产品，提供一站式软件产品解决方案的综合性品牌。唯一官方网站：www.like.tg
(RTTNews) - British retailers saw sales volumes decline in October as consumers hesitated to spend due to the uncertainty surrounding the new chancellor Rachel Reeves' budget later this week, results of a survey by the Confederation of British Industry showed on Monday.
The retail sales volumes modestly declined in the year to October after a marginal growth in September, the CBI Distributive Trades Survey showed. The headline survey balance decreased to -6 from +4 in September. The reading was slightly better than the -9 economists had forecast.
Retailers expect sales to be broadly flat next month as suggested by a survey balance of -1.0 percent.
The latest survey was conducted between September 26 and October 15 and covered 177 respondents, of which 70 were retailers and 91 were wholesalers.
"Retail sales volumes slipped back slightly in October, with some firms highlighting increased consumer caution ahead of this week's Autumn Budget as a key factor," CBI Principal Economist Martin Sartorius said.
"This weakness in activity was reflected across the broader distribution sector, with wholesale and motor trade firms also reporting declining sales. Looking ahead, retailers aren't expecting an immediate turnaround, with annual sales set to be flat in November."
The CBI survey showed that retailers reported disappointing sales for the time of year, to a greater extent than in September and expect seasonal sales to remain similarly weak in November.
Meanwhile, internet sales volumes in the year to October grew at solidly for the second month in a row and are expected to grow at a faster pace next month.
Earlier on Monday, the Lloyds Business Barometer survey showed that UK business confidence sunk to a four-month low in October as employers adopted a cautious stance ahead of the new government's first budget that is scheduled to be delivered on October 30.
现在关注【LIKE.TG出海指南频道】、【LIKE.TG大客户服务频道】,即可免费领取【WhatsApp、LINE、Telegram、Twitter、ZALO云控】等获客工具试用、【住宅IP、号段筛选】等免费资源，机会难得，快来解锁更多资源，助力您的业务飞速成长！点击【联系客服】
本文由LIKE.TG编辑部转载自互联网并编辑，如有侵权影响，请联系官方客服，将为您妥善处理。
This article is republished from public internet and edited by the LIKE.TG editorial department. If there is any infringement, please contact our official customer service for proper handling.
Server deployment全球论坛人工智能论坛全球峰会发展论坛战略论坛开放论坛程序员论坛互联网峰会科技峰会
