UK retailers expect sales to decline next month and remained pessimistic about the business outlook, survey results from the Confederation of British Industry showed Thursday.
A net 2 percent of retailers said their sales volume increased in the year to February, the Distributive Trades Survey showed. This was better than the -23 percent registering a fall in sales in January and economists' forecast of -13 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.