Retail sales in the United Kingdom were flat in April 2019, easing from an upwardly revised 1.2 percent gain in the previous month and above market expectations of a 0.3 percent decline. Growth in clothing, non-store retailing and fuel was offset by falls in all other main sectors. Non-food stores were the largest negative contributor on the month. Year-on-year, retail trade went up 5.2 percent slowing from a 6.7 percent rise in March and beating market consensus of a 4.6 percent increase. Retail Sales MoM in the United Kingdom averaged 0.23 percent from 1996 until 2019, reaching an all time high of 2.90 percent in February of 2010 and a record low of -3.50 percent in June of 2008.
Retail Sales MoM in the United Kingdom is expected to be -0.70 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 0.50 in 12 months time. In the long-term, the United Kingdom Retail Sales MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.