Economic Indicators
UK shop sales rise modestly in April, outlook doubtful: CBI
2023.04.26 07:30
© Reuters. FILE PHOTO: People walk on Regent Street in London, Britain April 10, 2023. REUTERS/Anna Gordon
LONDON (Reuters) – British retail sales inched higher in April, although most shop chains do not foresee a lasting improvement, an industry survey showed on Wednesday.
The Confederation of British Industry’s monthly retail sales balance rose to +5 in April from +1 in March, its highest level this year.
Expectations for May were slightly negative, however.
The survey of 72 retailers took place between March 27 and April 13.
