Retail sales in the UK increased 0.6% month-over-month in October of 2022, after falling an upwardly revised 1.5% in September when an additional bank holiday for the Queen's funeral was observed by many businesses including retailers. Figures compare with market forecasts of a 0.3% rise. Increases were seen in all of the main sectors apart from food stores, where sales fell 1%. In recent months, supermarkets have highlighted that they are seeing a decline in volumes sold because of increased cost of living and food prices. Meanwhile, non-food stores sales rose 1.1%, namely second-hand goods stores and auctioning houses (3.6%) and clothing stores (2.5%); auto fuel sales jumped 3.3%; and non-store retailing (predominantly online retailers) sales went up 1.8%. Still, retail sales volumes were 0.6% lower than its pre-pandemic level in February of 2020. Compared to October 2021, retail sales were 6.1% lower. source: Office for National Statistics
Retail Sales MoM in the United Kingdom averaged 0.20 percent from 1996 until 2022, reaching an all time high of 13.90 percent in June of 2020 and a record low of -17.90 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 2022.
Retail Sales MoM in the United Kingdom is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Retail Sales MoM is projected to trend around 0.40 percent in 2023 and 0.50 percent in 2024, according to our econometric models.