Spending cools across the country as autumn sets in
High street spending rose last month, according to the latest CBI figures. However, overall autumn sales have disappointed retailers. Some 37 per cent of UK retailers and manufacturers saw sales rise, but 26 per cent saw a fall. The survey concludes that retailers predict growth at a balance of 12 per cent for November.
The underlying sales trend identified by the report is the weakest for the past 18 months.
CBI Distributive Trades Survey chairman and Asda legal and external affairs director John Longworth said: 'The period of strong spending seen up to the summer is over, with underlying sales growth cooling. Retailers will now be hoping for a boost in the run-up to Christmas.'
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