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BREAKING NEWS

UK retailers' investment intentions weakest in seven years - CBI

UK retailers' investment intentions weakest in seven years - CBI
FILE PHOTO: Pedestrians walk beneath sale signs, in London, Britain December 27, 2018. REUTERS/Henry Nicholls -
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HENRY NICHOLLS(Reuters)
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LONDON (Reuters) - British retailers' investment intentions have fallen to their lowest in seven years ahead of Britain's departure from the European Union and job cuts in the sector have gathered pace, a major survey showed on Friday.

The Confederation of British Industry said that its monthly retail sales balance held steady at zero this month, unchanged from January and below its average for 2018.

Retailers were more upbeat about March, with the strongest outlook since 2015.

(Reporting by David Milliken, editing by William Schomberg; uk.economics@reuters.com; +44 20 7542 5109)

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