UK retail sales balance dropped from +8% in May to -24% in June, according to the CBI's Distributive Trades Survey.
UK retailers experienced an unexpected sales decline in June, and are forecasting another fall in July, according to the CBI's Distributive Trades Survey. The retail sales balance dropped from +8% in May to -24% in June, with sales volumes expected to fall at a slower pace of -9% in July. Internet sales also witnessed a significant decline in June, and orders placed with suppliers moderately decreased.
June 26, 2024
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