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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.