Retail sales in the United Kingdom went up 0.8 percent month-over-month in August of 2020, the fourth consecutive month of growth and resulting in an increase of 4 percent when compared with February’s pre-pandemic level. Figures were slightly better than forecasts of a 0.7% rise. Spending for home improvements continued to rise in August with sales at household goods stores increasing 1.9 percent in August (vs 6.4 percent in July) and staying 9.9 percent up when compared with February. Sales at predominantly food stores rebounded (0.4 percent vs -3 percent) amid government-subsidized meals under the Eat Out to Help Out program. In contrast, online retail sales fell 2.5 percent, but the strong growth experienced over the pandemic has meant that sales were still 46.8 percent higher than February. Non-store retailing was 38.9 percent above February, while clothing stores were still 15.9 percent below February’s pre-pandemic levels. Year-on-year, retail sales increased 2.8 percent.
Retail Sales MoM in the United Kingdom averaged 0.24 percent from 1996 until 2020, reaching an all time high of 13.90 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 September 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.