Rate of UK retail sales decline slows

British retail sales fell for the second month running in the year to June, but the worst of the spending slump may be over, the CBI said today.

Rate of UK retail sales decline slows
Wed, 24 Jun, 2009 - 14:05

British retail sales fell for the second month running in the year to June, but the worst of the spending slump may be over, the CBI said today.

The business body's Distributive Trades Survey revealed that more retailers said sales had fallen than risen, giving a balance of minus 17%.

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