Showing posts with label motor trade. Show all posts
Showing posts with label motor trade. Show all posts
Wednesday, 6 October 2010
Retail Maintains Growth
Volumes of retail sales increased for the third consecutive month in the year to September and were above average for the time of year according to the CBI Distributive Trades Survey. Supplier orders also increased. Volumes are expected to increase again in October. There were also increases in wholesale but motor trade volumes were unchanged and have been declining now for three months.
Tuesday, 27 July 2010
Services Output 2.1% Up On Year
The Index of Services, published by the ONS, rose 2.1% over the year from May 2009 to 102.5 in May 2010 (seasonally-adjusted). All five components increased in the most recent month on a year earlier. The biggest rise was in business services and finance which rose 2.5%. It rose 1% over the month.
Distribution output increased by 4.5% notably motor trades which rose by 12.5% and retail which rose by 4.1%. Government and other services increased by 1% within which the greatest contribution was from health and social work which contributed 2.6% in output and 0.9 to the overall 1%.
Distribution output increased by 4.5% notably motor trades which rose by 12.5% and retail which rose by 4.1%. Government and other services increased by 1% within which the greatest contribution was from health and social work which contributed 2.6% in output and 0.9 to the overall 1%.
Friday, 30 April 2010
Sales Continue To Grow On The High Street
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.
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.
Wednesday, 27 January 2010
Fall In Services Output
The Index of Services from the ONS decreased by 2.3% in November 2009 compared with November 2008. Four of the five components recorded a decrease. The only one to increase was distribution with an increase of 2.1%. The index for November 2008 was 107 but November 2009 reported an index of 104.6 (100=2005). The index increased 0.1% on last month.
The biggest contributions to the increase in distribution were retail at 3.5% and motor trade at 7.7%. Hotels and restaurants output decreased by 5.8% in November compared with the same time last year and 7.1% in the quarter compared to last year. Business services and finance decreased 4.4% on the month and 5.5% over the quarter compared to the same period last year, but recorded an increase of 0.1% on last month.
The biggest contributions to the increase in distribution were retail at 3.5% and motor trade at 7.7%. Hotels and restaurants output decreased by 5.8% in November compared with the same time last year and 7.1% in the quarter compared to last year. Business services and finance decreased 4.4% on the month and 5.5% over the quarter compared to the same period last year, but recorded an increase of 0.1% on last month.
Friday, 18 December 2009
High Street Building Up To Christmas
The CBI report retailers are enjoying an early build up to Christmas with the third successive month of growth in sales. The Distributive Trades survey suggests sales have grown over last year and could grow still more before the end of the month. Sales for the time of year are below seasonal norms and described as poor by some retailers.
Stock levels remain almost unchanged from November but the volume of orders rose again but at a slower rate than expected. Orders are expected to flatten in the New Year, as are sales.
The highest rates of growth were in the grocery, durable household goods, footwear and leather and furniture and carpets. Booksellers and stationers saw a reversal of their recent growth and there was a fall in sales at the chemists.
Industrial materials reported an change for the better as fourteen months of falling sales ended with a flat month. Clothing, textiles and footwear wholesalers saw their best sales growth since 2004.
There was a second month of growth for motor traders who expect that to contiue into the New Year due to the scrappage scheme. Sales for the month were said to be above average.
Stock levels remain almost unchanged from November but the volume of orders rose again but at a slower rate than expected. Orders are expected to flatten in the New Year, as are sales.
The highest rates of growth were in the grocery, durable household goods, footwear and leather and furniture and carpets. Booksellers and stationers saw a reversal of their recent growth and there was a fall in sales at the chemists.
Industrial materials reported an change for the better as fourteen months of falling sales ended with a flat month. Clothing, textiles and footwear wholesalers saw their best sales growth since 2004.
There was a second month of growth for motor traders who expect that to contiue into the New Year due to the scrappage scheme. Sales for the month were said to be above average.
Tuesday, 27 October 2009
Slight Growth In High Street Sales
There was a slight improvement in high street sales in the year to October according to the latest CBI distributive trades’ survey results. Businesses also expect volumes to improve further in November.
The improved results in volumes were greater than expected and the best figures since December 2007. A small percentage of retailers reported poor sales for the time of year, which was an improvement on last month, and they expect sales to remain below seasonal norms in November.
Stocks are more than adequate to meet demand but more orders are expected in November than were placed in October.
The sectors that have performed particularly well include durable household goods, furniture and carpets, booksellers and stationers. Clothing, footwear and leather retailers and grocers also reported sales growth. Sales fell for chemists and the hardware, china and DIY retailers.
The wholesale sector's sales volumes were flat for the second month running but better than the expected fall. Food and drink wholesalers reported strong sales growth, but industrial materials and builders merchants had a difficult month. The motor trades saw trade volumes fall and many expect sales to fall again in November. Vehicle sales, rather than parts and accessories were the main factor in the poor sales report.
The improved results in volumes were greater than expected and the best figures since December 2007. A small percentage of retailers reported poor sales for the time of year, which was an improvement on last month, and they expect sales to remain below seasonal norms in November.
Stocks are more than adequate to meet demand but more orders are expected in November than were placed in October.
The sectors that have performed particularly well include durable household goods, furniture and carpets, booksellers and stationers. Clothing, footwear and leather retailers and grocers also reported sales growth. Sales fell for chemists and the hardware, china and DIY retailers.
The wholesale sector's sales volumes were flat for the second month running but better than the expected fall. Food and drink wholesalers reported strong sales growth, but industrial materials and builders merchants had a difficult month. The motor trades saw trade volumes fall and many expect sales to fall again in November. Vehicle sales, rather than parts and accessories were the main factor in the poor sales report.
Thursday, 28 May 2009
Sales Reflect Retailers Expectations
Retailers' year-on-year sales fell again in May according to the latest CBI Distributive Trades Survey results published today. There had been a brief pause in the decline in April but at least the monthly results reflect retailers' expectations for the month and confidence is the least negative for a year.
Employment conditions remained difficult in May and staff reductions continued to mount. Prices rose during the month and similar rates of price inflation are expected in the August quarterly DTS survey. A small majority of firms expect the general situation facing retailers to get still worse.
Wholesale and motor traders' sales fell faster in the year to May than in the year to April. Average selling prices in both sectors also increased. In the motors sector prices increased at the fastest rate since August 1990. Investment plans in the wholesale sector are lower than at any time since February 1991.
Employment conditions remained difficult in May and staff reductions continued to mount. Prices rose during the month and similar rates of price inflation are expected in the August quarterly DTS survey. A small majority of firms expect the general situation facing retailers to get still worse.
Wholesale and motor traders' sales fell faster in the year to May than in the year to April. Average selling prices in both sectors also increased. In the motors sector prices increased at the fastest rate since August 1990. Investment plans in the wholesale sector are lower than at any time since February 1991.
Wednesday, 27 May 2009
ONS And CBI See Fall In Business Services Output
Services output seasonally adjusted chained volume of gross value added index fell by 1.2% quarter-on-quarter to 113.3 and follows a fall of 1.3% on the previous three months according to Office for National Statistics latest Index of Services figures. The most significant fall in both quarter-on-quarter and in month-on-month figures was in business services and finance. Distribution fell 0.2% in the quarter to March compared to the quarter to December. It is the 9th consecutive monthly fall, driven mainly by wholesale, motor trades also decreased and retail increased. Hotels and restaurants fell by 5.1% over same period. There were also significant decreases in bars and restaurants. Transport, storage and communications fell by 2.3%. Business services and finance fell 2.2% to 121.7 in the quarter to March on the quarter to December and fell 0.4% between February and March. Government services increased by 0.7% in the quarter to March with the most significant increases in health and social work.
The Confederation of British Industry released its quarterly Services Sector Survey results today. It shows the service sector is still is deep recession. There are some signs of confidence returning. Consumer services fell at their fastest rate since November 2001. The rise in prices made the fall in business values look less marked. Business and professional services values fell faster than volumes due to record deflation in prices. Rates of decline are expected to slow down in both consumer services and business and professional services over the next three months. Employment is continuing to fall in both sectors. Profitability also fell but at a slower rate than the record falls of the previous quarter. Business and professional services show a similar pattern. A steep downward trend continues in telecomms and computing and transport of goods and post. Marketing services also show a continued downward trend in business values and volumes but much less marked. Confidence and profitability have both fallen. There are some signs that the decline is begining to slow.
The Confederation of British Industry released its quarterly Services Sector Survey results today. It shows the service sector is still is deep recession. There are some signs of confidence returning. Consumer services fell at their fastest rate since November 2001. The rise in prices made the fall in business values look less marked. Business and professional services values fell faster than volumes due to record deflation in prices. Rates of decline are expected to slow down in both consumer services and business and professional services over the next three months. Employment is continuing to fall in both sectors. Profitability also fell but at a slower rate than the record falls of the previous quarter. Business and professional services show a similar pattern. A steep downward trend continues in telecomms and computing and transport of goods and post. Marketing services also show a continued downward trend in business values and volumes but much less marked. Confidence and profitability have both fallen. There are some signs that the decline is begining to slow.
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