According to the British Confederation of Industrialists (CBI), the balance of total retail sales (Retail sales volume balance) was -8% in January. Recall that in December the figure stood at 13%, and in January, is expected to fall to 11%.
Projected CBI, the situation stabilized in February, with the balance of retail sales improved to -1%. In general, it is expected that recovery will occur uncertain and weak during 2010.
Wholesale sales fell sharply in January (-38%), but is likely to increase in February (the forecast +9%).
British Industrialists Confederation represents the interests of some 240 000 organizations, which employs one third of the workforce of the private sector. The January survey was based on survey of 140 firms.
Projected CBI, the situation stabilized in February, with the balance of retail sales improved to -1%. In general, it is expected that recovery will occur uncertain and weak during 2010.
Wholesale sales fell sharply in January (-38%), but is likely to increase in February (the forecast +9%).
British Industrialists Confederation represents the interests of some 240 000 organizations, which employs one third of the workforce of the private sector. The January survey was based on survey of 140 firms.
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