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.
-
Feb- 2025 -21 February
UK retail sales rise by 1.7% in January
UK retail sales volumes increased by 1.7% in January driven largely by food sales, the ONS has revealed. According to…
Read More » -
20 February
UK consumer confidence drops to new low in February
UK consumer confidence slipped to a new low of -37 in February, amid the worsening state of the economy. According…
Read More » -
19 February
Inflation hits highest level in 10 months
Inflation hit 3% in January, its highest level in 10 months, as air fairs, new private school fees and the…
Read More » -
13 February
Economy unexpectedly grows by 0.1% in Q4
Britain’s economy unexpectedly grew in the final quarter of 2024, according to new figures from the Office for National Statistics,…
Read More » -
11 February
Retail sales increase 2.6% despite ‘stormy’ January
UK total retail sales increased by 2.6% year-on-year in January, against a growth of 1.2% in January 2024, as consumer…
Read More » -
6 February
BoE cuts interest rates to 4.5%
The Bank of England (BoE) has voted to cut interest rates from 4.75% to 4.5%, the lowest level since June…
Read More » -
Jan- 2025 -28 January
January sales see shop price deflation hit 0 .7%
January sales helped shop price deflation reach 0.7% in January, above deflation of 1.0% in the previous month, as retailers…
Read More » -
24 January
Consumer confidence drops five points in January
Consumer confidence decreased by five points to -22 in January, GfK’s latest Consumer Confidence Index has revealed. According to the…
Read More » -
17 January
Retail sales unexpectedly fall amid ‘poor’ supermarket sales
Retail sales fell 0.3% in December according to the latest figures from the Office for National Statistics. It follows a…
Read More » -
16 January
UK economy narrowly returns to growth in November
The UK economy narrowly returned to growth in November as real gross domestic product (GDP) increased 0.1%, largely because of…
Read More »
