FXstreet.com (Barcelona) - UK retailers have seen their sales increase at a faster than expected pace in November, despite a sharp rise in average selling price, according to the latest report published by the Confederation of British Industry.
The monthly distributive trade survey has thrown a balance of +13 retailers reporting an increase on sales volume, compared to the previous month. In October, above the +10 balance in October.
Average selling prices, according to the CBI rose strongly in the three months to November, with a balance of +42, in the three months to August the balance was +16. And the increase of prices does not seenm to be over, as a balance of +37 retailers forecasts prices to increase ur5her in the coming three months.