Retail jobs on the rise as sales increase
Posted on in Business News , Cycles News
Retailers reported steady sales growth and stronger recruitment of new employees in August, according to the latest CBI Survey.
Year-on-year growth in retail sales volumes remained firm and steady in August and is expected to pick up further in September.
Internet sales growth accelerated in August, but remained below its long-term average, with a slightly stronger performance expected next month.
Retailers expect the general business situation to improve over the coming three months and have invested in more staff for the first time this year.
Recruitment is expected to continue growing at a fast pace for the rest of the year and well into 2016.
Rain Newton-Smith, CBI Director of Economics, says: "Retail growth is continuing at a steady pace and it's really encouraging to see firms' investment intentions picking up alongside more jobs being created in the sector.
"Household spending seems to have remained firm going into the second half of this year, so the outlook for the retail sector looks upbeat."
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