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

May 2022

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 : May 2022

Access report with a free trial subscription

No payment required. Free for 30 days. Cancel anytime

Report Summary

Period covered: 01 Jan 2021 – 31 Jan 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. Total Expenditure recovered on previous quarter’s decline and amounted to £304,229m in Q3 2020. On an annual basis, consumer spending contracted by 10.1% in Q3 compared with the same quarter a year ago. The easing of lockdown restrictions boosted consumer-facing industries. Restaurants & Hotels (+566.3%), Transport (+73.0%), Clothing & Footwear (+40.3%) and Recreation & Culture (+8.4%) were the leading growth sectors in Q3 2020 on quarterly basis. With the exception of Furniture & Household Equip. (+0.8%), Housing, water, elec. & Gas (+1.7%), Alcoholic Beverages (+4.6%) and Food & Non- Alc. Bev (+4.6%), most sectors failed to meet last year’s consumption levels. GDP rose by a record 16.0% in Q3 2020 from the previous quarter, revised up by 0.5 percentage points from the previous estimate. This follows a record contraction of 18.8% in the second quarter. All components registered record rises in the third quarter; services (+14.7%), production (+14.7%) and construction (+41.2%). A remarkable increase in consumer spending resulted in the households savings ratio declining to 16.9% in Q3 2020, down from 27.4% in Q2 2020. Notably, the inequality between those that are able to save for the future and those that struggle in making any savings (lower-income households), becomes more apparent.

Consumer spending rises at record rates

Source: ONS

Latest monthly UK Consumer Report

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

You get an unbiased, trusted and inclusive analysis

Get an instant grasp of UK retail sales statistics with clear, analytical narrative because we’re truly independent

You get easy-to-read retail sales overviews

Concise narrative - Punchy exec summaries - Accelerated data intake. We give you all the need-to-know trends for better strategic thinking.

We focus on actionable insight in our reports

Our extensive use of official data sources and ability to cut through complex issues will help you make better decisions - leaving you with real, actionable insight.

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