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UK Retail Economic Briefing Report | Economic Report

December 2022

What's included in this report?

  • Summary and economic overview
  • GDP
  • Labour market statistics
  • Inflationary trends
  • Producer prices pressures
  • Consumer spending
  • Retail sales trends
  • Prices, costs and margins
  • House prices and mortgage approvals
  • Credit market statistics
  • Consumer Confidence
  • Wage Growth and more…

UK Retail Economic Briefing Report : December 2022

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Report Summary

Period covered: April 2022

Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or take out a free 30 day membership trial now.

Economic activity

UK GDP is estimated to have increased by 00% in Q1 2022. This is 0.7% above its pre-coronavirus level (Q4 2019).

Growth in Q1 2022 came on the back of a strong performance in January as Covid-19 restrictions eased, with the economy being hit more recently by supply chain disruption and cost of living concerns.

OBR has revised down its GDP forecast for 2022 from 6.0% to 00%, reflecting greater economic uncertainty following Russia’s invasion of Ukraine.

Confidence

GfK’s Consumer Confidence barometer is now at the lowest level since records began, dropping 00 points to -00 in May.

The major purchases index fell for the sixth consecutive month, dropping another 00 points to -00 in May, a further indication that consumers intend to cut back.

Business confidence rose for the first time in three months in May, rising 5 percentage points to 00% having fallen sharply in March following Russia’s invasion of Ukraine.

Inflation

The headline rate for inflation rose by 2.0 percentage points to 00% YoY in April – the highest level for forty years.

April’s rise was slightly behind economists forecasts of 00%, with inflation surging off the rise in the energy price cap, VAT increase within the hospitality sector, and further uplift in fuel prices.

The Retail Economics Cost of Living Tracker shows that discretionary income among the least affluent (money left after paying for essentials) fell 00% YoY in April. This equates to £00 per month less to spend on non-essential items.

Credit and Housing Market

The latest data shows that the housing market continues to…

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Inflation at 40-year high

Source: ONS, Retail Economics

Latest monthly UK Retail Economic Briefing Report

Report: April 2022 Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or... read more
Report: March 2022 Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or... read more
Report: December 2021 Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or... read more
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Report Contents

UK Retail Economic Briefing Report Report
  • Executive Summary
  • GDP
  • Retail Sales
  • Consumer Spending
  • Inflation
  • Labour Market
  • Credit and Housing Market
  • Consumer Confidence
  • Business Confidence
  • Exchange Rates
  • Cost Base Index
  • Economic Forecasts

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Retail Economics publishes monthly UK Retail Economic Briefing reports which draw upon a range of data sources to give you cutting edge insights that you can action within your business.

Succinct, punchy and bold. This report focuses on the macroeconomic factors important in determining the strength of the retail sector. In-depth analysis is provided to keep you informed of the latest movements in the UK economy, vital in forming a view of the strength and trajectory of the UK retail sector.

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