RTTNews - Retail sales in the UK fell for the fourth month running in the year to August, but retailers are no longer feeling pessimistic about their future business, the latest distributive trades survey by the Confederation of British Industry showed Thursday.
The survey that covered 20,000 outlets of 166 retail firms between July 29 and August 12 revealed that 34% of retailers are of the view that their sales volume rose in the year to August, while 51% said they fell.
The resulting balance was minus 16%, down from minus 15% in July, but better than the expected balance of minus 23%. Retailers expect a similar fall in sales in September, with the balance at minus 14%.
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