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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May- 2022 -11 May
Rising cost of living dents April retail sales
Retail sales decreased by 0.3% in April compared with the year prior, marking the first decline in 15 months as…
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10 May
Cost of living crisis begins to hamper consumer spending
Spending on essential items dropped to 18.1% in April, compared to 17.4% in March, as inflation and rising living costs…
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5 May
Consumers must brace for further price rises, BRC warns
The British Retail Consortium has warned that consumers can expect further rising prices as inflation continues to accelerate in the…
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Apr- 2022 -22 April
Consumer confidence in freefall, says GfK
UK consumer confidence was in “freefall” during April according to the longstanding GfK Consumer Confidence Index. Its index decreased seven…
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22 April
Retail sales tumble amid cost of living crisis
Retail sales fell by 1.4% last month as consumers reduced their spending amid the cost of living crisis. This marked…
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13 April
UK inflation hits 7% amid rising fuel costs
The annual rate of inflation has hit a new 30-year record with a rise of 7% in the 12 months…
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11 April
UK economic growth slows in February to 0.1%
Gross domestic product (GDP) slowed in the UK as the economy only saw 0.1% growth in February, down from a…
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5 April
Retail footfall drops 22.9% across UK
Footfall fell by 22.9% compared to 2019 in the non-food sector across the UK, although footfall is up 9.9% compared…
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Mar- 2022 -31 March
UK GDP rebounds 1.3% in Q4 FY21
The UK’ gross domestic product (GDP) is estimated to have increased by 1.3% in the fourth quarter (Q4) of 2021…
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25 March
Retail sales volumes fall 0.3% in February, ONS says
Retail sales volumes fell by 0.3% in February 2022 following a rise of 1.9% in January 2022, according to the…
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