Economy
The latest news, updates and analysis on the economy and how it is affecting the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Feb- 2024 -23 February
Mother’s Day spend to hit £1.7bn despite shoppers trading down
UK shoppers are set to spend £1.7bn on Mother’s Day this year, a 1.1% increase on 2023, as over half…
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23 February
Consumer confidence falls in February
UK consumer confidence dropped two points in February to -21, according to GfK’s long-running index. The survey revealed that four…
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16 February
Retail sales jump 3.4% giving optimism despite recession
Retail sales in the UK jumped 3.4% in January 2024 after falling 3.2% in December, according to data from the…
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15 February
UK enters technical recession as GDP contracts 0.3% in Q4
The UK fell into a technical recession after gross domestic product (GDP) shrank by 0.3% in the final three months…
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14 February
Inflation remains steady at 4%
Inflation remained unchanged at 4% in January, despite forecasters expecting a slight rise as falling food prices offset an increase…
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8 February
Shoppers say brands should help in financial crisis, study finds
Seven out of 10 UK adults believe brands should play a role in helping them navigate the cost-of-living crisis, but…
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6 February
Retail sales slow as high cost of living enters third year
UK total retail sales increased by 1.2% year on year for the four weeks ended 27 January 2023, compared with…
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2 February
Two in five FTSE retailers issued profit warnings last year
The percentage of UK-listed companies issuing profit warnings last year hit 18.2%, exceeding the levels seen at the peak of…
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Jan- 2024 -30 January
Shop price inflation drops to lowest level since 2022
Shop Price annual inflation eased to 2.9% in January, down from 4.3% in December, marking the lowest level since May…
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26 January
Retail theft hits highest rate in 20 years
Data from the Office for National Statistics shows that there were over 400,000 incidents of shoplifting in the year to…
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