UK retailers reported a sharp decline in sales in April and forecast further weakness, survey data from the Confederation of British Industry showed Monday.
A net 68 percent of retailers said sales volumes declined in April compared to last month's balance of 52 percent, the Distributive Trades Survey results showed. A net 60 percent of retailers said sales will decline in May. Online retail sales volumes experienced particularly steep declines, with the balance falling to -51 percent from -11 percent in March, the fastest fall since January 2024.
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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.