Page last updated at 11:48 GMT, Tuesday, 29 April 2008 12:48 UK

Housing decline hits High Street

Shoppers in Southampton
The CBI said shoppers are "tightening their belts".

Poor weather, an early Easter and the slowing economy led to the worst month for retailers since November 2005, business group the CBI has said.

In an April survey of shops, it found sales of items linked to the housing market, such as electrical and DIY items, were all down from a year ago.

The CBI expects sales to fall again in May, but at a slower rate than in April, due to "challenging conditions".

The CBI's Distributive Trades Survey covers 20,000 UK retail outlets.

"There is no doubt that consumers are tightening their belts as the mood about the economy and outlook worsens," said the CBI's chief economic advisor Ian McCafferty.

However, the CBI said last April's figures were boosted by better weather and the benefit of the Easter bank holidays.

Last week, the Office for National Statistics (ONS) said retail sales in March fell 0.4%, a bigger-than-expected decline.

But sales in the three months to March were 2% higher than the previous quarter, according to the ONS.

Analysts said that the figure could be interpreted as a sign that consumer spending was holding up.


RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
How Tom and Jerry nearly left Cold War talks up in smoke
Trauma from Gaza conflict is deep on both sides
Have you been paying attention in 2009?

Explore the BBC

BBC © MMIX

The BBC is not responsible for the content of external internet sites.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.
Americas Africa Europe Middle East South Asia Asia Pacific