By
Reuters
Printed
March 25, 2025
Based on an business survey launched on Tuesday, British retailers reported the steepest decline in gross sales volumes in eight months in March, with slight enchancment anticipated subsequent month. The info displays rising shopper warning.
Reuters
The Confederation of British Business’s month-to-month retail gross sales index fell to -41 within the 12 months resulting in March, down from -23 in February, marking the bottom studying since July final 12 months.
The survey’s measure of anticipated gross sales for the upcoming month remained regular at -30. “Firms across the retail and wholesale sectors reported that global trade tensions and the fall budget are weighing on consumer and business confidence, leading to reduced demand,” stated Martin Sartorius, principal economist on the CBI.
“The combination of a faster fall in retail sales volumes and significant declines in wholesale and motor trades resulted in the total distribution sector seeing its sharpest annual sales drop in a year.”
Retailers and different companies have voiced considerations over a £25 billion ($32 billion) improve in employers’ social safety contributions, launched within the Labor authorities’s first funds final October, together with extra value hikes set to take impact subsequent month.
© Thomson Reuters 2025 All rights reserved.
