The survey of 126 firms including 61 retailers, found sales volumes for the time of year were considered well above average and are expected to grow at a broadly similar pace in December.
“It’s great to see retailers reporting such a buoyant month for sales,” said Rain Newton-Smith, CBI chief economist. “With the later onset of cold weather, shoppers stocking up their winter wardrobe has helped to boost high street sales. While we expect to see decent growth in the near term, retailers are keeping a close eye on price rises coming down the track and the impact on consumer spending.”
