UK Retailers Expect Sales To Fall In July Amid Weak Confidence

India, June 25 -- UK retailers expect declining sales to continue in July amid weak consumer confidence and rising cost pressures, the Distributive Trades Survey results from the Confederation of British Industry showed Thursday.

A net 54 percent of retailers said sales volume declined in June compared to -46 percent in May. Economists had forecast improvement to -41 percent.

Further, a balance of 45 percent forecast sales to fall in July.

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Published by HT Digital Content Services with permission from RTT News....