Retail sales rose by 0.7 per cent in March, year-on-year, according to the Retail Economics Retail Sales Index (value, non-seasonally adjusted and excluding fuel). In the three months to March, sales rose by just 0.7 per cent. With the exception of December 2015, when growth was 0.2 per cent, the rolling three month measure hasn’t been weaker since July 2009. Overall, both spending power and consumers’ propensity to spend face strong headwinds in the coming months. Our survey showed that 38 per cent of shoppers said they are planning to cut back spending over the next three months. Other evidence showed 20 per cent of consumers are either just about managing or unable to meet minimum repayments on credit cards. 43 per cent of consumers said that they’d become more cautious with their spending over the last three monthsThe strong momentum behind consumer spending in the final quarter of 2016 appears to have come to an abrupt end. As expected, this latest data confirms the underlying consumer environment has weakened markedly in the first quarter of 2017. We believe tougher conditions will likely ensue.
UK Retail Sales Report
Retail Economics reports a range of retail sales indices on a monthly basis. Subscribers have access to all data (analytical reports and interactive data) and category breakdowns including online retail sales, clothing and footwear, household goods, food, DIY and gardening, consumer electricals and more.
UK Retail Sales - April 2017
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The UK Retail Sales report includes:
|Summary and economic overview|
|Sales growth by category (year-on-year)|
|Online sales growth (year-on-year)|
|Sales spend by region|
|Total spend by sector|
|Average weekly spend (£m)|
|Footfall by channel|
|Summary of external retail sales sources including Office for National Statistics, British Retail Consortium, CBI, BDO, John Lewis, Visa and more|