Retail sales in the United Kingdom climbed 6.7 percent from a year earlier in March 2019, following a 4 percent growth in the previous month and easily beating market expectations of 4.6 percent. It was the sharpest increase in trade since October 2016, with a range of stores noting that the milder weather this year helped boost sales in comparison with the “Beast from the East” impacting sales in March 2018. Retail Sales YoY in the United Kingdom averaged 2.57 percent from 1997 until 2019, reaching an all time high of 9 percent in April of 2002 and a record low of -3.90 percent in February of 2009.
Retail Sales YoY in the United Kingdom is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in the United Kingdom to stand at 1.90 in 12 months time. In the long-term, the United Kingdom Retail Sales YoY is projected to trend around 2.70 percent in 2020, according to our econometric models.