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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Jun- 2024 -17 June
Peak international spending returns to pre-pandemic levels, ONS finds
Spending by international visitors in August, the traditional UK high season, has largely recovered since the Covid-19 pandemic, according to…
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12 June
Economy stalls in April due to wet weather
The UK economy stalled in April showing no growth as wet weather dampened consumer spending, according to the latest figures…
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12 June
Euros to boost retail spending, BRC finds
England and Scotland’s involvement in this year’s euros are likely to net retailers a “vital” spending boost, according to polling…
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4 June
UK retail sales improve by 0.7% in May
UK total retail sales increased by 0.7% year on year in May, against a growth of 3.9% in May 2023. …
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May- 2024 -29 May
Retail sales recover as inflation slows, CBI finds
Retail sales grew at their fastest pace since December 2022 in the year to May, as sales volumes jumped 8%…
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28 May
Shop price inflation returns to ‘normal levels’, BRC finds
Shop price annual inflation eased from 0.8% in April to 0.6% in May, according to the British Retail Consortium’s (BRC)…
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24 May
Consumer confidence recovers in May
Consumer confidence has continued to recover by a three-point rise to -27 in May, according to GfK’s long-running Consumer Confidence…
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24 May
Retail sales slump 2.3% in April amid wet weather
Retail sales fell by 2.3% in volume over April, following a fall of 0.2% in March, as the retail sector…
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10 May
UK economy exits recession as GDP jumps 0.6% in Q1
The UK economy is no longer in recession after it grew by 0.6% between January and March this year, according…
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Apr- 2024 -30 April
Shop Price annual inflation falls to 0.8% in April
Shop Price annual inflation eased to 0.8% in April, down from 1.3% in March, as it starts to show “signs…
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