High street sales 'far from rosy' - CBI

According to the CBI's latest trades survey, 45% of retailers saw sales volumes rise in the year to April, while 24% said they declined. The resulting balance of +21 was in line with expectations. But the CBI said the pace of growth remains subdued - although April saw a slight pick-up. Sales were considered poor for this time of year and next month the industry body expects no growth in sales volumes. "Despite slightly better year-on-year sales growth in April, this survey shows things are far from rosy on the high street," said CBI chief economic adviser Ian McCafferty. "For the thi...