Retail sales in the United Kingdom jumped 2.1 percent month-over-month in February of 2021, following an 8.2 percent plunge in January and in line with market forecasts. Non-food stores provided the largest positive contribution, led by department stores (16.2 percent) and household goods stores (16.1 percent), namely spending on home improvement and outdoor furniture ahead of the relaxation of coronavirus restrictions. In contrast, sales at textile, clothing and footwear stores fell 9.7 percent and auto fuel declined 0.9 percent. The proportion spent online increased to 36.1 percent, the highest on record. Year-on-year, retail sales were down 3.7 percent. source: Office for National Statistics
Retail Sales MoM in the United Kingdom averaged 0.21 percent from 1996 until 2021, 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 April of 2021.
Retail Sales MoM in the United Kingdom is expected to be 1.00 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 0.60 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.