Thursday looks to be quiet on the reporting front, both for companies and at the macro level
Employers’ organisation, the CBI’s annual conference has got plenty of headlines this week after the PM’s unusual speech on Monday, but tomorrow it is back to normal fare with the monthly retail sales update.
The yardstick, which nets off businesses seeing orders rise against those recording a drop, jumped to +30 in October 2021, up from +11 in the previous month and well above market expectations of +13.
Respondents saw an acceleration in retail sales and orders growth rates in the year to October.
Whether this improvement has been knocked off course by the recent supply chain issues will be the key element tomorrow but the consensus forecast is for the number to rise again to +34.
Support services group Mears and property group New River are the most significant updates in a pretty empty company schedule.
Thursday 25 November