The CBI Distributive Trades survey is a leading indicator of the UK retail and wholesale sectors, providing early insights into consumer spending patterns. It covers approximately 150 companies, including retailers, wholesalers, and motor traders, asking them to compare current sales volumes with the previous year. The survey is highly regarded for its timeliness, as it is released ahead of official government retail sales data. A positive balance indicates growth in the sector, which is often seen as a sign of overall economic health and consumer confidence.
The index is calculated as a 'weighted balance' of respondents reporting an increase in sales minus those reporting a decrease. The data is seasonally adjusted to account for predictable variations throughout the year.
No sustained trend detected for CBI Distributive Trades (Feb). Forecast accuracy is 74% over 9 readings. The release is expected near the consensus forecast of -17.
Investors are monitoring the CBI Distributive Trades index, with the forecast steady at -17 in line with the previous reading. The trend has been rising for two periods, although the index remains near the historical average of -19.75.