Retail sales in the UK decreased 0.5% mom in May of 2022, after a downwardly revised 0.4% increase in April and compared to market expectations of a 0.7% fall. Sales in food stores declined 1.6% due to the impact of rising food prices and the cost of living. Meanwhile, non-food stores sales were unchanged as an increase in clothing sales (2.2%) was offset by a fall in household goods (-2.3%), such as furniture stores, and department stores (-1.1%) while automotive fuel sales rose (1.1%). Excluding fuel, retail sales were 0.7% lower. Considering the three months to May, retail sales fell 1.3%. source: Office for National Statistics
Retail Sales MoM in the United Kingdom averaged 0.22 percent from 1996 until 2022, reaching an all time high of 13.40 percent in June of 2020 and a record low of -18.30 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 July of 2022.
Retail Sales MoM in the United Kingdom is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Retail Sales MoM is projected to trend around 0.40 percent in 2023 and 0.50 percent in 2024, according to our econometric models.