• UK, CBI: weak retail sales growth

Market news

28 June 2016

UK, CBI: weak retail sales growth

The survey, undertaken before the EU referendum, showed that orders placed on suppliers fell over the year at a somewhat slower pace than in the previous month. Sales growth is expected to pick up next month, but orders are expected to continue falling although at a slightly slower pace. Growth in the volume of internet sales slowed in the year to June, with the survey balance falling below the long-run average. However, internet sales growth is set to pick up strongly in July

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