Activity in Britain’s high streets this month dropped to its lowest level since August 2012 as a combination of stretched household budgets and cold weather kept consumers out of the shops.
The latest snapshot of retail spending from the CBI found that Easter had failed to arrest the downward trend in the business environment since last summer.
According to the CBI’s monthly distributive trades survey, 37% of retailers said sales were down on their level in April 2012 while 36% reported an increase. The balance of -1 points was in sharp contrast to the buoyant trading conditions recorded by the employers’ organisation in the autumn of 2012, when monthly balances of +30 percentage points were reported.
via The Guardian
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