UK: Focus on CBI Distributive Trades report for August – RBC CM

Research Team at RBC Capital Markets, suggests that in the UK the quiet data week continues with just the CBI Distributive Trades report for August today.

Key Quotes

“This will be the second post-referendum observation in this series. The July survey saw a 25 point drop on June for the headline total distributive trades indicator – the second biggest monthly drop in five years in terms of reported sales volumes. In terms of expectations the drop was the largest since January 2008. This data point will be a useful insight therefore to see if the initial reaction to Brexit has moderated or not.”