
Eight out of 10 British retailers reported cash flow difficulties this month as sales dropped sharply again during the coronavirus lockdown, an industry survey showed on Tuesday.
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Eight out of 10 British retailers reported cash flow difficulties this month as sales dropped sharply again during the coronavirus lockdown, an industry survey showed on Tuesday.
British retailers suffered their biggest fall in sales since the 2008 financial crisis in the first half of April as the coronavirus kept shoppers at home and forced store closures, the CBI said on Tuesday.
British retailers suffered their biggest fall in sales since the 2008 financial crisis in the first half of April, the Confederation of British Industry said on Tuesday.
Brexit pressures and political uncertainty have prompted the Confederation of British Industry and a manufacturing trade body, Make UK, to downgrade their growth forecasts for next year.
British factory orders fell at the fastest pace in three years, and the lack of clarity about leaving the EU has made manufacturers their least upbeat since the Brexit referendum in 2016, a survey showed on Tuesday.
British retail sales plummeted in October at the fastest pace since early 2009, according to a survey that could deepen economists’ doubts about the wisdom of raising interest rates next week.
British retail sales grew at their fastest rate in more than a year earlier this month as colder weather continued to boost clothing sales, according to the CBI survey published Friday.
Prices in British shops fell at a slower pace in October, potentially paving the way for outright rises early next year as the effect of a weaker currency is felt, said the British Retail Consortium.
British companies expect a surge in output in the final quarter of the year despite a slowdown in the three months to September, the latest sign the country's economy is largely coping despite Brexit.
Retail sales growth in Ireland fell by 14% in July, dropping at the fastest pace in over four years, according to a survey from the Confederation of British Industry.