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16/04/2014

Wholesaler sales rise again

Savage & Whitten 13Wholesaler sales have risen again according to the Confederation of British Industry’s (CBI’s) latest quarterly Distributive Trades Survey.

Across the board, sales were broadly in line for the time of year, while orders picked up, consistent with expectations, and firms anticipate they will strengthen again in the next month.

Almost half (42%) of wholesalers reported that their sales volumes were up on last year, and just 19% said they were down, giving a balance of +23%. Industrial materials (+100%) and building materials (+79%) had the strongest showings. Investment intentions for the year ahead (+49%) were at a record high.

Internet sales volumes among retailers maintained their “robust” growth in the year to February, although they are expected to slow somewhat next month.

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