Thursday, March 29, 2007

Forex News: 29.03.2007 Retail sales volume balance (CBI) in Great Britain was +32% in March

According to the CBI Distributive Trades Survey, retail sales volume balance was in Great Britain +32% in March and reflected substantial growth of durable and household goods.

It is worth noting that it was the forth consecutive positive balance. In February the index was +19%, while the analysts expected the same reading - +19%.

The CBI retail sales volume balance is based on the survey of 20000 outlets, which provide 40% employment in the country. The average balance for three months was +27%, the highest since June 2004 (+23%).


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