last year12There has been a worrying shift in retail sales in the UK, compared to11Sudden monthly decline3.2%Far exceeding analyst predictions0.5% The decrease is due to2021year1The largest monthly decline since the outbreak.
stay11Slight increase in monthly sales1.4% Afterwards, there was a sudden reversal, indicating that the extremely unstable consumer market was plaguing the retail industry. Non food stores have been particularly hit hard, with sales plummeting3.9%Because consumers seem to have reduced their gift purchases and shifted more holiday shopping to 11 To ease the tight budget.
Negative momentum permeates various retail categories, including department stores(-7.1%)Home Furnishings(-3.0%)Clothing(-1.5%)And other non food venues(-4.5%)Suffering a severe blow. The buying and selling of the food industry has also decreased and declined 3.1%Rather than a decrease in retail stores2.1%Various factors reflect the pressure of inflation and the rise in cost of living.
Preliminary data shows that,2023The total retail sales for the year have significantly decreased2.8%, reaching2018The lowest point since the beginning of the year. This long-term downturn has raised concerns about future consumer confidence and purchasing power.
Last Friday, weak economic data from FTSE 100 The index is shrouded in shadow, and although it closed flat, it still ranks third in a row3Weekly decline, hitting a new record3The largest decline in months.
(UK Retail Sales, National Bureau of Statistics)
(FTSE100 Monthly chart)
Disclaimers
The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.Ultima MarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.