Sales in British shops have bounced back in May, according to retail data that suggests slowing inflation is encouraging customers to buy more. A net balance of +8% of retailers told a Confederation of British Industry (CBI) survey that sales volumes were up this month compared with the same period a year earlier – a sharp improvement on the -44% year-on-year figure for April. The balance is the difference between companies who answered that the number of items was “up” or “down”. May marked the most positive monthly reading for the CBI distributive trades survey since December 2022. Alpesh Paleja, the CBI lead economist, said there were signs of a recovery in retail in the short term. “Fa
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