Retail sales in the UK dipped more than expected in April, but stores reported the strongest outlook for more than a year, according to a survey by the Confederation of British Industry (CBI).
The CBI distributive trades survey's sales balance dropped to -6 from 0 the previous month, compared to consensus forecast for a dip to -4, indicative of a fall in sales volumes from a year earlier, when they had benefited from a royal wedding and good weather.
But the balance of expected sales for May rose sharply to +19, its highest since February 2011.
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