Retail sales rose by 4.2 per cent in May, year-on-year, according to the Retail Economics Retail Sales Index (value, non-seasonally adjusted and excluding fuel). This was the strongest growth since November 2014, excluding Easter distortions. Short-term influences such as warmer weather, the Royal Wedding and the FA Cup Final (which both fell on the same day) supported sales growth across core categories such as food and apparel. In addition, the later timing of the first May bank holiday meant that it was counted in this May’s trading period, but was not included in May 2017.Looking forward, the worst of the squeeze on personal finances appears to have passed with real earnings growth edging into positive territory following twelve consecutive months of declines. While a tighter job market should bolster wage growth, lacklustre productivity continues to stifle progress. For this reason, we forecast just a modest pick-up in real wage growth of just 1 per cent by the end of 2018. Put simply, conditions may more favourable than last year, but still far from strong enough to support a generalised consumer-led retail recovery.
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 - June 2018
Download this report with a free trial account.
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|