India, April 27 -- 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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