10 June | Other

UK retail sales growth slowed to six-month low in May

UK retail sales growth slowed to six-month low in May

UK retail sales grew at their slowest pace in six months in May, according to a joint report by the British Retail Consortium (BRC) and KPMG. Rising prices for goods and higher monthly bills squeezed household budgets, dampening consumer spending.

The data shows that UK retail sales increased just 1% year-on-year. This modest growth was driven mainly by higher demand for food (+3.6%), with a further boost from strong consumer spending during major sporting events and holiday weekends.

Excluding the food sector, UK retail sales fell by 1.1% year-on-year in May, reflecting consumers' cautious spending habits, according to Helen Dickinson, Chief Executive of the BRC.

Meanwhile, Barclays reports a 3% decline in UK households' confidence in their financial situation, dropping to 67%. Half of all consumers are actively cutting back on discretionary spending, clothing purchases being their first sacrifice.

Elena Dorokhina MarketCheese
Period: 05.09.2025 Expectation: 900 pips
AUDCAD loses momentum near channel resistance
29 August 2025 39
Period: 05.09.2025 Expectation: 900 pips
Inverse head and shoulders pattern to form upon GBPUSD break of 1.358
29 August 2025 48
Period: 30.11.2025 Expectation: 2800 pips
USDJPY set to weaken in medium term
29 August 2025 26
Brent sell
Period: 05.09.2025 Expectation: 200 pips
Brent declines amid growing inventories and potential production increases
29 August 2025 49
Period: 05.09.2025 Expectation: 600 pips
Buying USDCAD on divergent data from US and Canada
29 August 2025 25
Period: 30.11.2025 Expectation: 3000 pips
Tesla shares to get boost on breaking $370
28 August 2025 47
Go to forecasts