UK retail sales survey highest since April 2019, CBI says – Reuters

UK retail sales survey highest since April 2019, CBI says – Reuters

LONDON (Reuters) – A gauge of British retail sales surged in July to its highest level in over a year as more of the economy reopened following the coronavirus lockdown, driven mostly by grocery sales, a survey showed on Tuesday. People shopping on Oxford Street in central London, Britain, December 20, 2018. REUTERS/Henry NichollsThe Confederation of British Industry’s (CBI) monthly retail sales balance rose to +4 from -37 in June, its highest since April 2019 but still signalling only modest year-on-year growth in sales. The survey chimed with other retail indicators showing a rebound is underway. Official data last week showed retail sales volumes neared pre-coronavirus lockdown levels in June when non-essential stores in England reopened. “It?
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