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UK Retail Sales Decline Sharply On Poor Weather: CBI

UK retail sales declined at a faster pace in July on unfavorable weather conditions and market uncertainty, the Distributive Trades Survey results from the Confederation of British Industry showed on Monday.

The retail sales balance declined to -43 percent in July from -24 percent in June. A net 32 percent expects sales volume to fall next month.

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by Renju Jaya

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