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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Dec- 2020 -10 December
Global retail industry deals total $26.98bn in Q3
Total retail industry deals for Q3 2020 worth $26.98bn (£20.2bn) were announced globally, according to the latest figures from GlobalData’s…
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8 December
Consumer spending drops 2% in November
Consumer spending in the UK fell by 2.9% in November, despite spending on essential items growing 4.9% year-on-year, as ‘circuit…
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3 December
Retail hiring falls 20%
Hiring in the UK’s retail sector was down 19.7% in October compared to the same month last year, according to…
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Nov- 2020 -17 November
Consumer confidence falls with Covid restrictions
Consumer confidence in the UK has dropped significantly with the introduction of further pandemic restrictions, according to new data from…
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12 November
UK GDP recovers 15.5% in Q3
The UK economy showed signs of recovery in Q3 as GDP grew a record 15.5% from July to September. The…
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5 November
Bank of England unveils £150bn covid support package
The Bank of England (BoE) has unveiled it will give the UK economy a further £150bn in crisis support and…
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3 November
Half-term sees footfall rise 6.2%
Footfall rose by 6.2% during half-term in the UK, according to the latest data from retail experts Springboard. This is…
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Oct- 2020 -30 October
UK shop vacancy rate increases to 13.2% in Q3
Shops in the UK are continuing to shutter, with the average shop vacancy rate increasing to 13.2% in the third…
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28 October
Retail sales drop at sharpest pace since June
Retail sales figures in the UK have fallen at the sharpest pace since June, according to the Confederation of British…
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27 October
UK weekly retail footfall drops by 1.2%
Retail footfall in the UK has dropped by 1.2% in the last week from the previous seven days, according to…
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