Retail sales in the UK fell 3.8 percent month-over-month in November of 2020, the first decline since April, as many stores closed following government guidance during the coronavirus pandemic. The UK entered a second nationwide lockdown in November and stores selling non-essential goods were forced to close. Figures compare with market forecasts of a 4.2 percent drop. Clothing store sales (-19 percent) and fuel sales (-16.6 percent) saw big declines while food stores (3.1 percent) and household goods stores (1.6 percent) were the only sectors to show growth in monthly volume of sales. Despite the monthly fall, overall sales remain above their pre-pandemic levels. Year-on-year, retail sales increased 2.4 percent. source: Office for National Statistics
Retail Sales MoM in the United Kingdom averaged 0.24 percent from 1996 until 2020, reaching an all time high of 13.80 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 January of 2021.
Retail Sales MoM in the United Kingdom is expected to be 1.50 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 -0.80 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.