FX.co ★ UK Retail Sales Plummet in April According to CBI Distributive Trades Survey

The latest data from the CBI Distributive Trades Survey indicates a sharp decline in retail sales in the United Kingdom for the month of April 2024. The current indicator has dropped to -44 from a previous level of 2, reflecting a significant downturn in consumer spending. The report, released on April 25, 2024, highlights the challenges faced by retailers as they navigate changing consumer behaviors and economic uncertainties. The sharp decrease in retail sales suggests a cautious approach from consumers amidst rising inflation and global economic challenges. Experts are closely monitoring these trends to assess the impact on the overall UK economy in the coming months.