British retail sales hit lowest level since April 2020
The CBI reported that retail sales volumes sank to -52 in March due to weak economic conditions. Businesses expect only a marginal improvement during April.
Xurve View
Xurve View
Retail sales in the United Kingdom have experienced their sharpest decline since the height of the pandemic in early 2020, according to the latest data from the Confederation of British Industry (CBI). The organization's monthly gauge of annual sales volumes dropped to -52 in March, a significant fall from the -43 recorded in February. This downturn marks the most severe contraction since April 2020, when the onset of COVID-19 lockdowns shuttered non-essential shops across the country.
