MARKET TALK: UK High Street Spending Shows Strength - Capital

27th Jul 2010 11:24

1024 GMT [Dow Jones] July's UK CBI distributive trades survey suggests High Street spending is roaring away, says Capital Economics, with the reported sales balance leaping to +33, its highest level in three years, from -5. CE says the underlying picture is probably a bit weaker than this and it is sure the fiscal squeeze will slow the consumer recovery eventually - "but there's no sign that this is happening yet." ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 27, 2010 06:24 ET (10:24 GMT)