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Survey shows consumer resilience as UK retail sales volumes rise again

UK retail sales volumes have shown a year-on-year increase for a second consecutive month in August in a survey from the Confederation of British Industry which provides some reassurance that the consumer is showing resilience in tough economic times.

Fifty-three per cent of retailers surveyed said sales volumes in the first two weeks of August were higher than in the same period of last year, and only 18% said they were lower.