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26.08.2015 12:32 CBI retail sales balance rises to +24% in August

The Confederation of British Industry (CBI) released its retail sales balance data on Wednesday. The CBI retail sales balance increased to 24% in August from 21% in July.



The increase was driven by a rise in sales in clothing stores.



Sales expectations for next month were up to 35%.



"Household spending seems to have remained firm going into the second half of this year, so the outlook for the retail sector looks upbeat," CBI Director of Economics, Rain Newton-Smith, said.

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