Retail sales fell sharply in the year to April, according to the latest monthly CBI Distributive Trades Survey. This follows no change in sales over March. While the earlier timing of Easter this year likely played a role in April’s decline, the fall in retail sales was nonetheless greater than expected. Sales are expected to continue falling next month, but at a slower pace. Key findings included: Retail sales volumes fell sharply in the year to April (weighted balance of -44%), after staying broadly flat in March (+2%). Retailers expect sales to fall again next month, but at a slower pace (-19%). Sales were ... (full story)