Retail sales in the United Kingdom plunged 18.1 percent month-over-month in April of 2020, following an upwardly revised 5.2 percent drop in March and worse than market expectations of a 16 percent fall. It is the biggest slump in retail sales on record, due to the coronavirus pandemic and restrictive measures imposed such as stores and business closures. Biggest declines were seen for sales of fuel (-52 percent), clothing and footwear (-50.2 percent) and household goods (-45.4 percent). On the other hand, sales for non-store retailing jumped at a record 18 percent and sales for alcohol stores went up 2.3 percent. Excluding auto fuel, sales dropped 15.2 percent.
Retail Sales MoM in the United Kingdom averaged 0.14 percent from 1996 until 2020, reaching an all time high of 3 percent in February of 2010 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 May of 2020. source: Office for National Statistics
Retail Sales MoM in the United Kingdom is expected to be -2.40 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 1.00 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.