Slowdown for retail growth

Ben Southwood
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THE PACE of growth in retail sales continued to decline in February, the Confederation of British Industry (CBI) said yesterday.

A majority of eight per cent of retailers said sales were up in the second month of 2013, according to CBI numbers, down from the 17 per cent majority seen in January, and under the 13 per cent majority retailers expected when asked in January.

February marks the third successive month of slowdown, since the margin reporting improvements peaked at 33 per cent in November.