According to the latest Distributive Trades Survey from the Confederation of British Industry, sales growth in the UK retail industry for the first half of June has been less than expected for the second month running and is significantly below April's three-year high.

The survey showed that for 37% of retailers year-on-year sales were up in the period, while 20% claimed they were down. This balance of +17 is in line with the long-term average, but is the lowest since November last year. Retailers expect a similar growth rate in July and, although the volume of orders has slowed a little, it remains above average.

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