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Coresight Bites: June UK Retail Sales—Deepest Volume Declines in 30+ Years

Primary Analyst: Coresight Research
Contributors
Primary Analyst: Coresight Research
Other Contributors: Georgina Smith, Head of Editorial
Free Data Graphic

Coresight Bites provide free snapshots of Coresight Research data and findings. Subscribers can access the full research here. To find out how to subscribe, click here.

  • Coresight Research’s monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators, focusing on the US, the UK and China.
  • Adjusting for inflation, the year-over-year volume decline in UK retail sales deepened in June to (5.9)%, according to the Office for National Statistics (ONS). Excepting the pandemic-hit months of April and May 2020, this set a record for volume declines, based on the ONS’s current data set, which extends back to January 1989.
  • In June, total UK retail sales value growth continued to slow, even as overall consumer price inflation accelerated. The total sector eked out a very modest 1.7% year-over-year value increase during the month.

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