Sales volumes increased by 3% for the time of year in November. Credit: Tumisu / Pixabay.

Sales volumes in the UK have declined this month after improving in October, according to the Confederation of British Industry’s (CBI) latest monthly Distributive Trades Survey.

The survey showed that retail sales fell by 19% in November, having risen by 18% in October.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The trend is expected to continue next month with a 21% decline.

The UK’s sales volumes increased by 3% for the time of year, with the figure expected to be in line with seasonal norms with a decline of 1% next month.

For the year to November, online retail sales dropped by 5%, while wholesale sales volumes fell ‘considerably’ to 18% after a 3% growth in October.

Wholesale sales volumes are anticipated to decline to 21% in December.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Employment growth in the UK’s retail sector decreased by 17% in the year to November, with this trend expected to continue at 12% next month.

The CBI reported that retailers expect to reduce their investment in the next 12 months compared with last year due to business prospects.

The survey included 156 companies, 65 of which were retailers.

CBI principal economist Martin Sartorius said: “It’s not surprising that retailers are feeling the chill as the UK continues to be buffeted by economic headwinds.

“Sales volumes fell at a firm pace in the year to November, and retailers remain notably downbeat about their future business prospects.

“This pessimism is reflected in investment intentions worsening to the greatest extent since May 2020.

“Retailers and wholesalers contribute £352bn ($422bn) to the UK economy and support a fifth of the nation’s jobs – yet these survey results underline what a tough time it is for the sector.

“The Chancellor’s decision to back CBI calls for a freeze in businesses rates next April will provide some welcome relief, but retailers are also looking for longer-term measures from Government that can restore momentum to the UK economy.”