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    UK CBI retail sales dropped to -23, a warning sign of further loss of momentum

    UK CBI retail sales balance dropped to -23 in October, down sharply from +11. Sales are expected to drop at a similar pace next month at -26.

    Ben Jones, CBI Principal Economist said: “The fall in retail sales in October is a warning sign of a further loss of momentum in the economy as coronavirus cases pick up and restrictions are tightened across many parts of the country.

    Full release here.

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