Retail Sentiment Falls At The Sharpest Rate In Five Years
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Retail Sentiment Falls At The Sharpest Rate In Five Years
Sentiment amongst retailers fell at the sharpest rate in five years in May, with the net balance of firms expecting their business situation to deteriorate over the coming quarter, according to the CBI’s latest quarterly Distributive Trades Survey.Year-on-year retail sales volumes fell in May, a decline expected to accelerate next month. However, online sales fared better, with volumes rising in the year to May, following six consecutive months …
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