Retail sales were broadly flat in the year to March, according to the latest monthly CBI Distributive Trades Survey. The stabilisation in sales follows ten months in a row of decline. Looking ahead, retailers expect year-on-year sales volumes to fall in April. The key survey findings included: Retail sales volumes were broadly flat in the year to March (weighted balance of +2% from -7% in the year to February), following 10 consecutive months of decline. Retailers expect sales to fall again next month (-25%). Sales were reported as “average” for the time of year (0% from -1% in February). Retailers expect sales to be ... (full story)