COVID-19 SERVICE: We are heightening our efforts to assist the UK retail & leisure industry through this challenging period. Explore this service now… COVID-19 SERVICE

UK Executive Report | Economic Report

May 2021

What's included in this report?

  • 2-Pager executive bullet-point narrative
  • Concise, punchy and bold substance
  • Need-to-know economic indicators
  • GDP, retail sales, consumer and business confidence, market data…
  • Footfall stats by channel
  • External retail sales data summaries: Office for National Statistics, British Retail Consortium, CBI, BDO, John Lewis, Visa and more…

UK Executive Report : May 2021

Access report with a free trial subscription

No payment required. Free for 30 days. Cancel anytime

Report Summary

Period covered: February 2021

Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Subscribe to access this data or take out a free 30 day subscription trial now.

Annual GDP fell by 0.00% in 2020, a slight revision on the preliminary estimate of a 9.9% drop, but still the largest annual decline since “The Great Frost” of 1709.

GDP is forecast to grow by 4.7% in 2021, according to independent forecasts from the Treasury.

The latest ONS data suggests unemployment edged down despite the economy facing lockdown restrictions, but the rate of increase in job openings has slowed strongly in recent months.

The unemployment rate came in at 0.00% in the three months to January, 1.1 percentage points higher than a year earlier. The number of people unemployed was estimated at 1.74million, up 454,000 on the same period a year ago and up 121,000 on the quarter.

CPI inflation unexpectedly eased in February, slowing to 0.4% year-on-year from the 0.7% rise in January and below expectations of a rise to 0.8%.

Average regular pay (excluding bonuses) for employees in Great Britain was £0.00 per week before tax and other deductions from pay – up from £511 per week a year earlier.

The RICS Residential Market Survey for February indicates another cooler month for sales activity, following a buoyant second half of 2020. National lockdown restrictions continue to deter potential buyers and vendors.

Retail sales fell by 0.00% in February, year-on-year, according to the Retail Economics Retail Sales Index (value, non-seasonally adjusted, exc. Fuel).

Total online sales rose markedly on the previous year, up 78.6%. Average weekly sales climbed to £0.00 billion compared with £1.3 billion in the previous year.

Our research shows that almost half of consumers say that since the pandemic, they spend more time browsing online and researching for retail products.

.

Source: Retail Economics

Latest monthly UK Executive Report

Report: February 2021 Note: Reporting periods are either one month or two months behind the current month as standard. GDP Annual GDP fell by 9.9% in 2020, the largest yearly decline on record. Labour market The latest ONS data shows the l... read more
Report: January 2021 Note: Reporting periods are either one month or two months behind the current month as standard. GDP is forecast to decline by 10.7% for 2020 overall, according to the latest independent and city forecasts from the Treasury.... read more
Report: December 2020 GDP rose by a record 16.0% in Q3 2020 from the previous quarter, revised up by 0.5 percentage points from the previous estimate. This follows a record contraction of 18.8% in the second quarter. GDP remains 8.6% below its level... read more
View Archive

Need more insight on UK retail?

Try a FREE 30 day trial subscription

How it works
  • Free for 30 days, no payment details, cancel anytime
  • Create account and log into your retail insight dashboard
  • Download free retail economic and sector reports
  • Download thought leadership reports and presentations
  • Access time series data and much more…
Get insight with a FREE trial subscription

Trusted by

    Sainsburys Argos O2 Barclays Warner Bros Akznobel Sky British Land

Report Contents

UK Executive Report Report
  • One-pager Executive Summary
  • Overview table
  • UK Consumer
  • Retail Sales
  • Online Retail Sales
  • Inflation
  • Labour Market

3 reasons to use us


We understand your needs and motivations

Our reports are succinct, punchy and to the (bullet) point. Time is scarce and productivity is key so our 2-pager is designed to give you your monthly industry 'need-to-knows'


We help save you precious time

Our thorough data mining, simplification and info summaries give you key monthly insights that help save you time, costs and resources


We analyse with actionable insights in mind

Our extensive use of official data sources and ability to cut through complex issues helps you make more informed decisions with real actionable insights

About our reports and subscriptions

Retail Economics publishes quarterly UK Retail Industry Outlook reports which draw upon a range of data sources to give you cutting edge insights that you can action within your business.

Improve your performance with in-depth analysis which draws upon our proprietary data and a range of third party sources to provide a view on forthcoming trends. Comprehensive analysis on the backdrop for households and the major factors affecting retailers’ operating environments including sourcing and operating costs.

As a subscriber you’ll have access to all retail reports, interactive data and retail sector analysis with category breakdowns and more.

Other popular retail reports

Top