Retail sales in the United Kingdom rose 0.9 month-over-month in January 2020, rebounding from a downwardly revised 0.5 percent fall in the previous month and beating market forecasts of a 0.7 percent gain. It was the largest increase in retail trade since March last year, boosted by both food stores (1.7 percent) and non-food (1.3 percent). Among non-food stores, gains were seen in textile, clothing and footwear (3.9 percent, the most since May 2018); department stores (1.6 percent); and others (0.4 percent). Meanwhile, sales at petrol stations dropped by 5.7 percent, the largest decline since April 2012 linked to higher cost of fuel. Year-on-year, retail sales went up 0.8 percent, easing from a 0.9 percent rise in the prior month.
Retail Sales MoM in the United Kingdom averaged 0.22 percent from 1996 until 2020, reaching an all time high of 3 percent in February of 2010 and a record low of -3.60 percent in January of 2010. This page provides the latest reported value for - United Kingdom Retail Sales MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Office for National Statistics
Retail Sales MoM in the United Kingdom is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in the United Kingdom to stand at 0.50 in 12 months time. In the long-term, the United Kingdom Retail Sales MoM is projected to trend around 0.50 percent in 2021, according to our econometric models.