Retailers are their gloomiest for 15 months

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CBI survey shows UK retailers were the gloomiest about future sales for 15 months in April


— Chris Williamson (@WilliamsonChris) April 24, 2013

Indicators from the CBI distributive trades survey fell to their lowest since August as the realised result dropped from zero to minus one. An improvement to seven had been anticipated. While GDP estimates for the first quarter have now been completed, this could spell weakness in the retail sector ahead.