Retail sales volumes fell faster than anticipated in the year to June, reversing a return to modest growth last month, according to the latest CBI Distributive Trades Survey. Retailers expect sales volumes to continue falling next month, albeit at a slower pace. Key findings included: Retail sales volumes fell in the year to June, following a modest recovery in May (weighted balance of -24% from +8%). Retailers expect sales to fall at a slower rate next month (-9%). Sales were reported to be well below “average” for the time of year (-39% from +2% in May). Sales volumes are expected to remain below seasonal norms in ... (full story)