Data reveals retail sales 'remain depressed' in year to May

Data published by the Confederation of British Industry (CBI) has revealed that retail sales volumes remained 'deeply depressed' in the year to May.

28 May 2020

Data published by the Confederation of British Industry (CBI) has revealed that retail sales volumes remained 'deeply depressed' in the year to May.

According to the data, supply disruptions have worsened since April. 58% of retailers reported shortages of some goods, whilst 64% reported increased cost pressures. 44% stated that they have experienced shipping delays and a further 60% have faced capacity constraints.

80% of retailers reported cashflow difficulties, down from April's figure of 96%.

The CBI said that sales volumes are expected to fall at a slightly slower pace next month.

'The retail sector is at the sharp end of a crisis, with many businesses up against it,' said Rain Newton-Smith, Chief Economist at the CBI.

'The government's support packages are making a real difference, with more shops reporting that jobs have been furloughed rather than lost. The furlough system will need to adapt as more businesses open their doors in the months ahead.'

Quick Links

Home | Contact us | Accessibility | Disclaimer | Help | Site map |

© 2020 Blue Spire Limited. All rights reserved.

We use cookies on this website, you can find more information about cookies here.

Contact Chichester Office

Tel: +44 (0)1243 781234
Fax: +44 (0)1243 791770
Email: chichester@bluespiregroup.com


Contact Brighton Office

Tel: +44 (0)1273 739533
Fax: +44 (0)1273 732844
Email: brighton@bluespiregroup.com

Chichester Address
Cawley Priory, South Pallant, Chichester, West Sussex PO19 1SY

Brighton Address
5th Floor Intergen House, 65-67 Western Road, Hove, East Sussex BN3 2JQ

Blue Spire Limited is Registered to carry out audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales C004152645. Professional indemnity insurance is provided by Royal & Sun Alliance Insurance Plc 9th Floor, One Plantation Place, 30 Fenchurch Street, London, EC3M 3BD and its territorial coverage is worldwide (excluding United States/Canada).
Blue Spire Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. FSA register https://www.fca.org.uk/register reference 566257. This guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at customers based in the UK