The CBI Distributive Trades Survey indicates that retail sales in the UK saw a slower rate of decline in April compared to March, marking the seventh consecutive month of falling retail sales. Although retailers are optimistic about a slight improvement, expectations indicate a sharper decrease in the coming month. Concern remains regarding poor sales performance and the impact of economic conditions. Wholesalers also reported significant declines, highlighting widespread challenges across the distribution sector, prompting calls for government intervention to bolster confidence among consumers and businesses alike.
Retail sales experienced a slower decline in April, yet firms anticipate stronger contractions ahead amid ongoing economic uncertainty and weak consumer sentiment.
While annual retail sales volumes fell at a reduced rate in April, the outlook remains bearish as businesses face challenges from recent economic policies and persistent consumer hesitance.
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