October boom on High Street

UK high street sales in the year up to October showed the most positive rate of growth in almost two years, research has shown.

The CBI’s latest monthly Distributive Trades Survey showed that the high street expects even stronger sales growth in November.

41 per cent of respondents to the survey said that sales volumes had risen in the year to October, while 33 per cent said they were down.

19 per cent of retailers expected sales to increase in November – the most optimistic projection since July 2007.

In terms of stock, three per cent of firms said the volume of orders placed had fallen, but many predicted orders would rise in November.

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