UK retail sales rose 0.2 from a month earlier in July 2019, following a downwardly revised 0.9 percent jump in June and beating market expectations of a 0.2 percent decline. Non-store retailing grew 6.9 percent and sales at department stores advanced 1.6 percent, following six consecutive months of decline. Year-on-year, retail trade growth eased to 3.3 percent in July from 3.8 percent in June, also beating market forecasts of 2.6 percent. Retail Sales MoM in the United Kingdom averaged 0.23 percent from 1996 until 2019, reaching an all time high of 2.90 percent in February of 2010 and a record low of -3.50 percent in June of 2008.
Retail Sales MoM in the United Kingdom is expected to be -0.20 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 -0.40 in 12 months time. In the long-term, the United Kingdom Retail Sales MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.