Latest reading: Retail sales increased 1.2% month-on-month in seasonally adjusted terms in June (May: +0.3% mom s.a.). Looking at the...
Retail Sales in United Kingdom
The British economy recorded an average growth rate of 1.5% in retail sales over the decade to 2024, below Major Economies's average of 4.1%. In 2024, the United Kingdom's retail sales growth was 0.4%.
United Kingdom Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for United Kingdom from 2022 to 2023.
Source: Macrobond.
United Kingdom Retail Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Retail Sales (ann. s.a. var. %) | 3.2 | -1.5 | 4.8 | -4.0 | -2.9 |
Retail sales rebound in June
Latest reading: Retail sales rose 0.9% in month-on-month seasonally adjusted terms in June, which contrasted May's 2.8% decrease but undershot market expectations. Supermarket sales rebounded—albeit weakly—aided by warmer weather, a factor which also aided purchases of car fuel. On an annual basis, retail sales increased 1.8% in June, rebounding from May’s 1.2% fall. Accordingly, the trend improved modestly, with the annual average growth of retail sales coming in at 1.2% in June, up from May's 0.9%.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects British retail projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for British retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our British retail projections.
Want to get access to the full dataset of British retail forecasts? Send an email to info@focus-economics.com.
Latest Global Retail News
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United Kingdom: Retail sales rebound in June Latest reading: Retail sales rose 0.9% in month-on-month seasonally adjusted terms in June, which contrasted May’s 2.8% decrease but undershot... -
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