Retail sales in the UK jumped 12% mom in May, the most on record, beating market forecasts of a 5.7% gain and recovering from a record 18% plunge in the previous month. Non-food stores provided the largest positive contribution, aided by a 42 percent increase in household goods sales like hardware, paints and glass. The proportion spent online soared to the highest on record at 33.4 percent, compared with 30.8 percent in April. Still, compared with the same month last year, retail sales were down 13.1 percent.
Retail Sales MoM in the United Kingdom averaged 0.18 percent from 1996 until 2020, reaching an all time high of 12 percent in May 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 July of 2020. source: Office for National Statistics
Retail Sales MoM in the United Kingdom is expected to be -1.30 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 -1.60 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.