Consumer Confidence

Apr- 2023 -

11 April

UK retail up 5.1% in March

Total retail sales in the UK were up 5.1% in March according to data from the British Retail Consortium and KPMG. This is above the three-month average growth of 4.8% and the 12-month average growth of 2.6% for the five weeks between 26 February and 1 April. Like-for-like retail sales…

Aug- 2022 -

10 August

Retailing

Heatwave helps boost retail sales 2.3% in July

Retail sales increased 2.3% in July as the heatwave experienced across the UK helped boost demand for “hot weather essentials”, according to the latest data from the BRC and KPMG retail sales monitor. UK retail sales increased 1.6% on a like-for-like basis from July 2021, when they had increased 4.7%.…

Jul- 2022 -

8 July

Retailing

Cost of living crisis weighs on retail sales growth

High levels of inflation and the deepening cost of living crisis have prompted further slowing of retail sales growth, according to BDO’s High Street Sales Tracker (HSST). It found that total like-for-like (LFL) sales, combined in-store and online, increased by +8.4% in June compared to the equivalent month in 2021,…

Jun- 2022 -

24 June

Economy

UK consumer confidence sinks to new record low in June

UK consumer confidence has fallen to the lowest level since records began during the month of June, according to the latest figures from GfK. GfK’s long-running Consumer Confidence Index decreased one point to -41, a new record with four measures down in comparison to the May 20 announcement, with one…

Mar- 2022 -

31 March

Economy

High street footfall continues to lag behind pre-pandemic levels

Footfall levels remain 23% below pre-pandemic levels in February 2022 as rising costs are reportedly set to “batter” retailers from 1 April, according to RSM. The latest data from Datscha, analysed by RSM, shows the overall decline in footfall is the worst in London with numbers on Oxford Street down…

Jan- 2022 -

5 January

Retailing

Price rises to pick up momentum in 2022

Shop price annual inflation accelerated to 0.8% in December, up from 0.3% in November with prices set to rise in the new year, according to a latest study from the BRC. The increase of 0.3% is above the 12 and six month average price decreases of 0.9% and 0.3%, respectively.…

Sep- 2021 -

24 September

Economy

Consumer confidence falls amid ongoing supply chain issues

UK consumer confidence has fallen back five points in September, largely attributed to both shop supply shortages and rising prices, according to new research by GfK. GfK’s Consumer Confidence Index decreased by five points to 13 in September, with all measures down in comparison to August’s announcement. The data showed…

Jun- 2021 -

15 June

Coronavirus

Lockdown delay ‘huge disappointment for highstreet’, says Bira

Andrew Goodacre, the CEO of Bira, has described the extension of lockdown restrictions as a “huge disappointment for the high street” and called for greater government support for retailers. According to Goodacre, the extension, which will see remaining social distancing measures continue beyond 21 June, will “damage consumer confidence”. In…

11 June

Economy

Retail boosted by ‘buoyant’ May sales

The UK’s retail sector in May has been boosted by “buoyant” sales, according to the British Retail Consortium (BRC). Over the period, sales increased by 10% on a year-on-two-years basis, against a decline of 2.7% in May 2019. This represents a rise from the three-month average growth of 8.5%. Due…

May- 2021 -

21 May

Economy

Consumer confidence jumps six points in May

Consumer confidence in the UK has increased by six points to -9 in May 2021, according to GfK’s Consumer Confidence Index. The market research company primarily attributed this to the easing of lockdown restrictions and vaccine rollout, which it believes gave the country’s retail sector a much-needed boost. While respondents…