Consumer confidence questioned as sales growth subsides

Debenhams chief says customers think things will 'remain tough' during the recovery

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(Image credit: Getty)

Retail sales growth has subsided and significantly undershot expectations across the high street in June, according to data published by the Confederation of British Industry.

The trade lobby group says a net balance of 29 per cent of its retail survey respondents reported that sales volumes were up on last June – much less than the forecast figure of 58 per cent and the 51 per cent who reported growth in May. The slowdown was caused by sluggish grocery sales, which were flat over the 12 months to June.

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