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EMARKETER

UK retail sales rose in September thanks to discretionary spending recovery

Article by Rachel Wolff  |  Oct 18, 2024
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UK retail sales rose in September thanks to discretionary spending recovery
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Retail Sales
United Kingdom

The news: Demand for electronics—and splashy releases like Apple’s iPhone 16 and Google’s Pixel 9 phones—pushed UK retail sales unexpectedly into positive territory in September, per the Office for National Statistics.

  • Retail sales volumes rose 0.3% month over month (MoM), to the surprise of economists polled by Bloomberg who forecast a 0.4% decline.
  • On a year-over-year (YoY) basis, sales volumes rose 3.9%, the biggest increase since February 2022.

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