Latest BRC-KPMG retail sales data
Retail sales cool as blazing hot summer ends
UK consumer demand cooled in August, as a summer marked by relentless heatwaves drew to an end.
The BRC-KPMG Retail Sales Monitor is a monthly measure of the sector’s UK performance, based on data shared with the British Retail Consortium by its members. The index was initially set up by the BRC as a way for retailers to benchmark their performance against that of the wider industry, but it has evolved to become a vital measure not only of the health of British retail, but of the wider UK economy. Retail sales growth was hampered throughout most of 2020 and early 2021 by the coronavirus crisis, as government imposed lockdown measures prevented non-essential retailers from opening physical stores.
UK consumer demand cooled in August, as a summer marked by relentless heatwaves drew to an end.
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The rate of retail sales growth moderated in September as factors such as a looming Budget and warm weather affected trading conditions.
Hot and sunny weather combined with an interest rate cut helped build a “solid summer of sales” for retailers in August, according to the latest data.
UK retail sales in July increased year on year, as warm weather and higher prices across food provided a sales boost, according to the BRC-KPMG Sales Monitor.
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UK retail spending growth slowed to a crawl in May casting doubt on the strength of consumer resilience heading into the summer.
UK total retail sales soared in April as a mixture of sunny weather and a later Easter holiday saw customers spending big during the period.
Retail sales are showing signs of underlying strengthening of demand, according to the British Retail Consortium (BRC).
UK retail sales inched up in February, although gloomy weather hampered fashion and non-food categories were generally muted.
Retail braved a stormy start to the year to deliver strong trading as January sales drove the strongest performance by stores in nearly two years.