UK Retail Sales Decline for Third Consecutive Month

UK Retail Sales Decline for Third Consecutive Month

British retailers have faced a third consecutive month of declining sales in August, according to the Confederation of British Industry (CBI). This trend, which is anticipated to continue into September, has led retailers to scale back on both hiring and investment plans. The CBI's monthly retail sales balance registered at -27 this month, an improvement over July's -43 but still among the weakest figures since April.