CBI upbeat on retail sales

NEW evidence of booming high street sales in Britain was unveiled yesterday by the Confederation of British Industry.

NEW evidence of booming high street sales in Britain was unveiled yesterday by the Confederation of British Industry.

Last month 67 per cent of retailers reported higher sales than a year earlier, compared with only 12 per cent who reported a reduction.

The positive balance of 55 per cent is the largest since the height of the last consumer fling in August 1988, while orders placed with suppliers rose at their sharpest pace since January of that year.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective