Wednesday, September 27, 2006

UK CBI Retail sales hit 21 month high

UK retailers have hit the 21 moth record on sales volume in September according to a survey by the Confederation of British Industry published Wednesday.This monthly survey shows a balance of +14 retailers that reported higher sales in September, the result of August was +12. The figures are higher than expected, analysts surveyed by Dow Jones Newswires advanced a reading of +10. Firms expect sales to continue behaving as good in October.Durable goods were the ones with the best reading, with a balance of +54, followed by LCD and plasma televisions. Sales of carpets and furniture come after with a balance of +50, the highest since October 2004.

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