Retail sales in the UK slumped 8.2 percent month-over-month in January of 2021, the most since a record 18% fall in April, and much worse than market forecasts of a 2.5 percent decline as tighter nationwide coronavirus restrictions affected sales. The biggest decrease was seen in sales of textiles, clothing and footwear (-34. percent) while growth was reported for non-store retailers (3.7 percent) and food stores (1.4 percent). Meanwhile, the proportion spent online soared to 35.2 percent, the highest on record. Year-on-year, retail sales were down 5.9 percent. source: Office for National Statistics
Retail Sales MoM in the United Kingdom averaged 0.21 percent from 1996 until 2021, reaching an all time high of 14 percent in June of 2020 and a record low of -18 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 February of 2021.
Retail Sales MoM in the United Kingdom is expected to be 1.00 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 0.60 in 12 months time. In the long-term, the United Kingdom Retail Sales MoM is projected to trend around 0.60 percent in 2022 and 0.50 percent in 2023, according to our econometric models.