Retail sales in the UK increased 1.2 percent month-over-month in October of 2020, beating market forecasts of a flat reading. It is the sixth straight month of rising retail sales, boosted by sales for non-store retailing (6.4 percent), household goods stores (3.2 percent) and department stores (3.1 percent). Retail sales are now now 6.7 percent higher than in February 2020, before coronavirus lockdown restrictions were applied in the UK. Year-on-year, retail sales jumped 5.8 percent, also above forecasts of 4.2 percent, as consumers had started Christmas shopping earlier this year, further helped by early discounting from a range of stores. Excluding fuel, retail sales went up 1.3 percent on a monthly basis and 7.8 percent year-on-year. source: Office for National Statistics
Retail Sales MoM in the United Kingdom averaged 0.25 percent from 1996 until 2020, reaching an all time high of 13.80 percent in June of 2020 and a record low of -18.10 percent in April of 2020. 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. United Kingdom Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Retail Sales MoM in the United Kingdom is expected to be 1.50 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 -0.80 in 12 months time. In the long-term, the United Kingdom Retail Sales MoM is projected to trend around 0.60 percent in 2021 and 0.50 percent in 2022, according to our econometric models.