Growth in High Street sales has continued into the third consecutive month and it is expected to continue according to the latest CBI Distributive Trades Survey for April.
The moving average of sales volumes remained positive and growth is expected again in May. Although there wasn't much change in the volume of orders placed on suppliers it is also expected to grow in May. Stock levels are more than adequate to cover demand.
Wholesalers saw sales volumes grow rapidly and expect the same in May. Industrial materials wholesalers also had strong sales growth except for agricultural machinery and electrical installation materials who reported a difficult April. Durables wholesalers sales stabilised after a difficult March. Motor trades sales fell for the fourth consecutive month and they expect another fall next month. Parts and accessories sales grew for the third month in a row.
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