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British Realized Sales in Decline

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This morning's release of the Realized Sales report from the Confederation of British Industry ( CBI ) revealed an economy a little worse for wear. Although housing remains an increasingly stable sector of Britain's economy , unemployment and consumer spending are lagging well behind. The Realized Sales report only highlighted this tension.

Expectations for this composite index were for a contraction to a reading of negative 10. The actual result showed a reading of negative 14 and paints a far more grim picture than was earlier assumed. The index does not contain an accurate picture of the entire British economy, only a portion of it, making it less impactful but nonetheless ominous.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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