COVID-19 SERVICE: We are heightening our efforts to assist the UK retail & leisure industry through this challenging period. Explore this service now… COVID-19 SERVICE

UK Consumer Report | Trends & Analysis

July 2024

What's included in this report?

  • Consumer spending overview
  • Consumer spending trends
  • Consumer spending by category
  • Consumer spending by region
  • Consumer spending by income decile
  • Retail sales growth
  • Market size and growth rates
  • Consumer spending forecasts by category and more…

UK Consumer Report : July 2024

Access report with a free trial subscription

No payment required. Free for 30 days. Cancel anytime

Report Summary

Period covered: Q1 2021

1 minute read

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. Subscribe to access this data or take out a free 30 day subscription trial now.

Consumer expenditure fell by 00% in Q1 2021 – the second consecutive quarter to record a decline in consumption levels after the brief recovery in Q3 2020.

Total Expenditure amounted to £00m in Q1 2021.

Similarly, consumer spending fell for the fifth consecutive quarter on an annual basis, contracting by 11.0% in Q1 2021.

UK GDP is estimated to have contracted by 00% in Q1 2021, a slight revision on the preliminary estimate of a 1.5% drop.

Education, Wholesale & Retail trade, and Accommodation & Food services made the largest contributions to the fall due to the tightening of Covid-19 restrictions. Combined, these consumer facing services fell by 7.5% in Q1 2021.

UK households saved a fifth of their disposable income in the first quarter of 2021 with the household saving ratio rising to 00% - the second highest on record, compared with a revised 16.1% in Q4 2020.

This increased confidence that the pace of the economic recovery will be stronger than first anticipated, with households emerging from the pandemic with excess savings.

The Bank of England expects c.10% of the additional savings to be spent as the economy reopens.

Take out a free 30 day trial subscription to read the full report >


Consumer spending falls for the second consecutive quarter

Source: ONS

Latest monthly UK Consumer Report

Report: March 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. Subscribe to access this data or take o... read more
Report: February 2021 Note: Reporting periods are either one month or two months behind the current month as standard. Consumer spending soared by a whopping 19.5% in the third quarter of 2020 – the sharpest quarterly growth rate on record. To... read more
Report: October 2020 Consumer Spending Consumer spending contracted by -23.6% in the second quarter of 2020 – the sharpest decline on record. Total Expenditure continued to decline falling to £248,995m in Q2 2020. On an annual ba... read more
View Archive

Need more insight on UK retail?

Try a FREE 30 day trial subscription

How it works
  • Free for 30 days, no payment details, cancel anytime
  • Create account and log into your retail insight dashboard
  • Download free retail economic and sector reports
  • Download thought leadership reports and presentations
  • Access time series data and much more…
Get insight with a FREE trial subscription

Trusted by

    Sainsburys Argos O2 Barclays Warner Bros Akznobel Sky British Land

Report Contents

UK Consumer Report Report
  • Executive Summary
  • Total Consumer Spending
  • Food and Non-Alcoholic Beverages
  • Alcoholic Beverages and Tobacco
  • Clothing and Footwear
  • Housing, Water, Electricity, Gas and Other Fuels
  • Furnishings, Household Equipment and House Maintenance
  • Health
  • Transport
  • Communication
  • Recreation and Culture
  • Education
  • Restaurants and Hotels
  • Miscellaneous
  • Consumer Spending by Sector

3 reasons to use us

Get powerful industry insights for a competitive advantage

Improve your strategic position by getting proprietary insights and analysis that you can really action 

Keep abreast of fast moving industry trends

Our reports keep you up to date with the very latest consumer trends helping you to spot key opportunities early on

Get the latest insights on consumer behaviour 

Improve what you do with our penetrating consumer insights as we constantly monitor and measure key consumer sentiments in our surveys

About our reports and subscriptions

Retail Economics publishes quarterly UK Consumer reports which draw upon a range of data sources to give you cutting edge insights that you can implement within your business.

Consumer spending accounts for two thirds of the economy of which one third passes through the retail sector. Analysing the underlying consumer market trends is vital in forming a view of the strength of the retail sector. This in-depth report is designed to keep you abreast of the latest consumer trends, drawing upon a range of economic sources to provide you with a comprehensive overview of the fundamental drivers.

As a subscriber you’ll have access to all retail reports, interactive data and retail sector analysis with category breakdowns and more.

Other popular retail reports