MNI DATA IMPACT: UK Retail Sales Volume Shrinks in May: CBI

--Brexit Uncertainty Weakens Retailers' Investment Intentions

     LONDON (MNI) - Retail sales volumes contracted in May following last

month's Easter euphoria, according to the CBI Distributive Trades Survey,

published Friday.

--Retail sales volumes declined to -27 in May, the fastest pace of decline since

October 2017, following Easter-led growth of +13 in April.

--Expectations for sales turn positive in June.

--Orders placed on suppliers in the year to May also fell at their fastest pace

in 19 months but were expected to contract again next month, albeit at a slower

pace.

--Non-store retailing was the only sub-sector that reported growth.

--The quarterly survey showcased a more dismal business environment for

retailers.

--Year-ahead investment intentions hit a record low, amid uncertainty among

businesses about the outlook of Brexit.

--Sector employment hit the weakest level since August 2009.

--MNI London Bureau; tel: +44 203-586-2224; email: shaily.mittal@mni-indicators.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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