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Economy in Brief

UK: CBI Retail Sales Hold Steady and Strengthen
by Robert Brusca November 29, 2007

The UK retail sector is stuck more or less mid range. Various components are generally at or above the mid point of their respective ranges. Orders, the relative strongest component, resides in the 70th percentile of its range. Sales are in the 52nd percentile. Sales for the time of year are in the 44th percentile. The stock-to-sales ratio is a touch high in the 60th percentile of its range. The various expected sales and orders are generally in the same relative positions. See the table below. The chart on the left shows that while variables remain mid range there has been some slippage recently in the trend for sales, while orders trends have held a bit firmer.

UK Retail Volume Data CBI Survey
Reported: Nov-07 Oct-07 Sep-07 Aug-07 12MO Avg Pcntle Max Min Range
Sales/Yr Ago 13 10 12 15 22 52% 57 -35 92
Orders/Yr Ago 18 16 11 15 17 70% 42 -38 80
Sales: Time/Yr -3 0 -1 -7 5 44% 41 -37 78
Stocks: Sales 18 13 12 14 12 60% 30 0 30
Expected:                  
Sales/Yr Ago 15 16 17 14 18 53% 49 -23 72
Orders/Yr Ago 12 16 18 6 12 64% 38 -34 72
Sales: Time/Yr 2 -9 2 -5 3 53% 29 -29 58
Stocks: Sales 12 5 10 6 9 50% 21 3 18
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