Retail sales in the UK sank 1% month-over-month in December of 2022, following an upwardly revised 0.5% drop in November and compared to market forecasts of a 0.5% rise. Sales at non-food stores fell 2.1% as consumers are cutting back on spending because of increased prices and affordability concerns. Sales were mostly down for cosmetics, sports equipment, games and toys and watches and jeweller and at department and clothing stores. Also, food sales edged 0.3% lower as customers stocked up early for Christmas. Compared with December 2021, sales declined by 5.8%, the most for that month since records began. Retail sales are now 1.7% below their pre-covid levels. Between 2021 and 2022, retail sales volumes fell by 3.0%, as rising prices and the cost of living affected sales volumes. source: Office for National Statistics

Retail Sales MoM in the United Kingdom averaged 0.19 percent from 1996 until 2022, reaching an all time high of 13.90 percent in June of 2020 and a record low of -17.90 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 February of 2023.

Retail Sales MoM in the United Kingdom is expected to be -0.50 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 2024 and 1.20 percent in 2025, according to our econometric models.

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United Kingdom Retail Sales MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-12-16 07:00 AM Nov -0.4% 0.9% 0.3% 0.3%
2023-01-20 07:00 AM Dec -1% -0.5% 0.5% 0.3%
2023-02-17 07:00 AM Jan -1% -1.8%


Related Last Previous Unit Reference
Retail Sales MoM -1.00 -0.50 percent Dec 2022
Retail Sales YoY -5.80 -5.70 percent Dec 2022
Consumer Spending 348344.00 352142.00 GBP Million Sep 2022
Disposable Personal Income 356659.00 357868.00 GBP Million Sep 2022
Personal Savings 9.00 7.80 percent Sep 2022
Retail Sales Ex Fuel -1.10 -0.30 percent Dec 2022

United Kingdom Retail Sales MoM
In the United Kingdom, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In the United Kingdom, Retail sales are seasonal, volatile and relatively important to the overall economy.
Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -0.50 13.90 -17.90 1996 - 2022 percent Monthly
2016=100, SA

News Stream
UK Retail Sales Unexpectedly Fall
Retail sales in the UK sank 1% month-over-month in December of 2022, following an upwardly revised 0.5% drop in November and compared to market forecasts of a 0.5% rise. Sales at non-food stores fell 2.1% as consumers are cutting back on spending because of increased prices and affordability concerns. Sales were mostly down for cosmetics, sports equipment, games and toys and watches and jeweller and at department and clothing stores. Also, food sales edged 0.3% lower as customers stocked up early for Christmas. Compared with December 2021, sales declined by 5.8%, the most for that month since records began. Retail sales are now 1.7% below their pre-covid levels. Between 2021 and 2022, retail sales volumes fell by 3.0%, as rising prices and the cost of living affected sales volumes.
2023-01-20
UK Retail Sales Unexpectedly Fall
Retail sales in the UK unexpectedly declined 0.4% month-over-month in November of 2022, after jumping an upwardly revised 0.9% in the previous month when there was a bounce back from the impact of the additional Bank Holiday in September for the State Funeral. Figures compare with market forecasts of a 0.3% rise, with sales falling in non-food stores (-0.6%), namely second-hand goods stores, particularly auctioning houses and computer stores; auto fuel (-1.7%), as fuel and lubricant prices rose by 0.8%; and non-store retailing (-2.8%). On the other hand, sales in food stores were up 0.9% as customers stocked up early for Christmas. Also, those in department stores (1.7%) and household goods store (4.4%) rose as several retailers reported longer Black Friday sales. Year-on-year, retail sales went down 5.9%.
2022-12-16
UK Retail Sales Top Estimates
Retail sales in the UK increased 0.6% month-over-month in October of 2022, after falling an upwardly revised 1.5% in September when an additional bank holiday for the Queen's funeral was observed by many businesses including retailers. Figures compare with market forecasts of a 0.3% rise. Increases were seen in all of the main sectors apart from food stores, where sales fell 1%. In recent months, supermarkets have highlighted that they are seeing a decline in volumes sold because of increased cost of living and food prices. Meanwhile, non-food stores sales rose 1.1%, namely second-hand goods stores and auctioning houses (3.6%) and clothing stores (2.5%); auto fuel sales jumped 3.3%; and non-store retailing (predominantly online retailers) sales went up 1.8%. Still, retail sales volumes were 0.6% lower than its pre-pandemic level in February of 2020. Compared to October 2021, retail sales were 6.1% lower.
2022-11-18