# UK retail sales go into reverse this month, CBI survey shows
Published: 2024-06-26
Category: News
Category URL: https://tradingherald.com/category/news/
Meta Title: British Retail Sales Drop in June
Meta Description: British retail sales softened after a May recovery, with a significant drop in internet sales, despite rising wages and consumer sentiment.
URL: https://tradingherald.com/uk-retail-sales-go-into-reverse-this-month-cbi-survey-shows/

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## UK retail sales go into reverse this month, CBI survey shows

(Reuters) -British retail sales softened this month after a recovery in May, and stores expect another drop next [month,](https://tradingherald.com/uk-retail-sales-rise-by-0-8-in-october-ons/) an industry [survey](https://tradingherald.com/euro-zone-inflation-seen-just-above-ecbs-target-in-2025-poll-shows/) showed on Wednesday.

The Confederation of British Industry’s monthly [retail](https://tradingherald.com/car-sales-push-irish-retail-sales-sharply-higher-again/) sales balance, which measures volumes compared with a year ago, fell to -24 in June from +8 in May.

“Unseasonably cold weather in June may have played a role, but its notable that internet retail sales fell sharply in our survey, too,” Alpesh Paleja, interim deputy chief economist at the CBI, said.

Official data last week showed retail sales surged in May, after heavy rain kept shoppers away in April.

Average wages are now rising faster than inflation and consumer sentiment in June had recovered to its highest since November 2021, according to figures on Friday from Britain’s longest-running consumer confidence survey.

Still, the CBI survey pointed to another difficult month for retailers in July. Its gauge of expected sales in July showed a reading of -9, indicating a modest annual drop in sales volumes, versus expectations of -4 for June in last month’s [survey.](https://tradingherald.com/euro-zone-inflation-seen-just-above-ecbs-target-in-2025-poll-shows/)

The CBI survey of 58 [retail](https://tradingherald.com/car-sales-push-irish-retail-sales-sharply-higher-again/) chains was conducted between May 24 and June 13, before a period of unusually warm weather towards the end of the month.

(Reporting by Andy Bruce; editing by David Milliken)


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