
CBI's survey report confirms that Britain's retail sales were down as consumer spending collapsed due to the COVID-19 lockdown.
The retail sales balance dropped to -55 in April 2020 from -3 in March 2020, which was the same as the worst figures of December 2008 economic crisis. CBI's chief economist Rain Newton-Smith stated that sales of groceries and other essentials fell as consumers have been spending less. Online sales and supply orders have also been weak.
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