Article 38SQ7 High street sales bounce back after sharp fall last month

High street sales bounce back after sharp fall last month

by
Richard Partington
from Economics | The Guardian on (#38SQ7)

CBI survey of retailers comes before Black Friday discounting period, which is likely to drive sales further

High street sales are staging a recovery after a sharp slowdown last month, overcoming the steepest growth in selling prices in almost 25 years.

Grocers and clothing retailers fuelled stronger sales in November in the Confederation of British Industry's survey of retail activity, which had recorded sales for October falling at the fastest rate since the height of the recession in 2009. While the study comes before the key Christmas shopping period, the early indications are likely to cheer the industry.

Related: UK shoppers forecast to spend 10bn in Black Friday sales

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