Retail sales slow as households ‘feel the pinch’
The UK high street returned to “tepid trading conditions” in May as households increasingly began to "feel the pinch".
Retail sales were broadly flat in the year to May following strong growth in April, according to the latest CBI Quarterly Distributive Trades Survey.
The survey also found that orders placed with suppliers fell modestly on a year ago, following robust growth in April. Year-on-year internet sales growth also slowed and fell below the long-run average.
Total retail sales are expected to rise marginally agai... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
