Brighter sales picture on the high street.HIGH street sales grew at their fastest annual rate for almost two years in October, says the CBI CBI abbr. cumulative book index CBI Confederation of British Industry CBI n abbr (= Confederation of British Industry) → C.E.O.E. business group. Its distributive dis·trib·u·tive adj. 1. a. Of, relating to, or involving distribution. b. Serving to distribute. 2. trade survey found an 8% balance of firms reporting higher volumes than a year earlier, the best since December 2007. Andy Clarke Andrew (Andy) Weston Clarke (born July 22, 1967 in Islington, London) is a former footballer who played for Barnet, Wimbledon and Peterborough United as striker. Clarke now runs a market stall in the Camden Lock markets. , chairman of the CBI's distributive trades panel, said: "The retail sector seems to be finding its feet again after a challenging year, and the outlook for November is encouraging. "But overall the economy remains troubled and some retailers will find the recovery slow." The retail snapshot is slightly more upbeat than the latest official figures which revealed flat sales between August and September - the second month in a row of zero growth in retail sales volumes. John Pitchford, head of Barclays Commercial Bank North Wales North Wales (known in some archaic texts as Northgalis) is the northernmost unofficial region of Wales, bordered to the south by Mid Wales and to the east by England. , said: "The latest figures from the CBI indicate a welcome improvement on the high street and bring a level of respite to shops which have experienced unsteady sales figures sales figures npl → cifras fpl de ventas over the past 12 months. "Retailing is picking up in the short-term, as many consumers are taking advantage of the myriad discounts and sales promotions retailers are offering to entice spending." |
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