Retail sales according to the Confederation of British industrialists worse than forecasts for March

According to the British Confederation of Industrialists (CBI), the balance of total retail sales (Retail sales volume balance) was 13% in March. This is below the projected level of 18% and 23% of the February values.

Projected CBI, in April, the balance of total retail sales will reach 14%.

Wholesale sales fell sharply in March (-13%), despite the fact that the projected modest growth. Probably in the next month rate of change slightly (-2%).

British Industrialists Confederation represents the interests of some 240 000 organizations, which employs one third of the labor force the private sector. The March survey is based on the survey 138 firms.