Retail sales in the UK surged 5.4 percent month-over-month in March of 2021, following an upwardly revised 2.2 percent rise in February and beating market forecasts of 1.5 percent. It is the biggest increase since a record jump in June last year, reflecting the effect of the easing of coronavirus restrictions on consumer spending. The first stage of easing the nationwide lockdown started in March but stores, pubs and restaurants opened in April only. Non-food stores provided the largest positive contribution, led by clothing (17.5 percent) and other non-food stores (13.4 percent). Automotive fuel retailers also reported strong monthly growth of 11.1 percent as travel restrictions were eased and sales at food stores were up 2.5 percent, namely butchers and bakers, likely reflecting the continued closure of the hospitality sector during the Easter
period. On the quarter however, retail sales were 5.8 percent lower than in the last three months of 2020. source: Office for National Statistics
Retail Sales MoM in the United Kingdom averaged 0.23 percent from 1996 until 2021, reaching an all time high of 14 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 May of 2021.
Retail Sales MoM in the United Kingdom is expected to be -1.60 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 1.20 in 12 months time. In the long-term, the United Kingdom Retail Sales MoM is projected to trend around 0.70 percent in 2022 and 0.50 percent in 2023, according to our econometric models.