Retail sales fell 13.3% year on year in July (June: -11.2% yoy). Looking at the details of the release, the...
Retail Sales in United Kingdom
In the decade leading up to 2022, the United Kingdom's economy recorded an average growth rate of 2.1% in retail sales. This is below the 3.5% average for Major Economies. In 2022, retail sales growth was -3.3%.
United Kingdom Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for United Kingdom from 2014 to 2023.
Source: Macrobond.
United Kingdom Retail Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Retail Sales (ann. s.a. var. %) | 3.2 | -1.6 | 4.9 | -3.9 | -2.9 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects British retail projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for British retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our British retail projections.
Want to get access to the full dataset of British retail forecasts? Send an email to info@focus-economics.com.
Latest Global Retail News
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Hong Kong: Retail sales drop again in July -
Spain: Retail sales growth gains momentum in July Retail sales grew 0.5% month-on-month in seasonally adjusted terms in July (June: +0.4% mom). July’s improvement was partly driven by... -
Luxembourg: Decline in retail sales softens in July Retail sales dropped 2.1% month-on-month in seasonally adjusted terms in July (June: -3.1% mom). On an annual basis, retail sales... -
Poland: Retail sales growth remains stable in July Retail sales grew 4.4% compared to the same month of the previous year in July, unchanged from June. The reading... -
United Kingdom: Retail sales bounce back in July Retail sales grew 0.5% in month-on-month seasonally adjusted terms in July, which contrasted June’s 0.9% decrease and was in line... -
United States: Retail sales grow at fastest pace since January 2023 in July Retail sales grew 1.0% month-on-month in seasonally adjusted terms in July (June: -0.2% mom). The result marked the best reading... -
Indonesia: Retail sales growth rises in July Retail sales grew 4.3% compared to the same month of the previous year in July, which was above June’s 2.7%...