UK retail sales edge up 1% in May despite weak non-food demand
UK retail sales rose by 1 per cent YoY in May, up from 0.7 per cent in May 2024, driven mainly by food and drink. Non-food sales continued to decline, with both online and in-store segments falling. Consumer confidence remained low, affecting fashion and big-ticket items. Retailers face cost pressures from higher taxes and wage contributions, while hopes rest on June’s travel-related spending lift.
UK retail sales rose by 1 per cent YoY in May, up from 0.7 per cent in May 2024, driven mainly by food and drink.
Non-food sales continued to decline, with both online and in-store segments falling.
Consumer confidence remained low, affecting fashion and big-ticket items.
Retailers face cost pressures from higher taxes and wage contributions, while hopes rest on June’s travel-related spending lift.
