Sunny weather and the fanfare surrounding the World Cup failed to persuade shoppers to open their wallets in the month to June, with retail sales growth falling to its lowest level since January.
According to the latest CBI barometer of retail sales, buoyant growth during spring and early summer has given way to markedly less rosy picture as shoppers react to persistently low pay rises and the threat of higher mortgage rates later this year.
After a recent improved run for the high street, a fall in clothing and food sales dragged down growth, the survey found.
The survey follows a pattern set by official figures for retail sales in May, which showed that shoppers were generally unwilling to spend after a spree in March and April.
via The Guardian
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