Mumbai, Sept. 25 -- UK retailers expect sales to decline at a steeper pace in October, highlighting the persistent weak demand conditions, the Distributive Trades Survey from the Confederation of British Industry showed on Thursday.
A net 36 percent of retailers expect sales to decrease in October. Although the retail sales balance rose to -29 percent in September from -32 percent in August, it remained negative for the twelfth straight month.
A net 13 percent of retailers judged that sales were "poor" in September compared to -19 percent in August.
Further, the survey showed that October's sales are set to disappoint as the balance for next month declined to -43 percent.
Online retail sales volumes also declined sharply in September. T...