This report presents forecasts for sales produced by BRC analysts in February 2019. Forecasts are of the BRC-KPMG Retail Sales Monitor series and inflation of the BRC-Nielsen Shop Prices Index year.
Conditions in the retail industry remain challenging. Growth in sales for 2018 came in at 1.2%, below our Q4 forecast of 1.4% for the year, after an unexpectedly weak end to theWhile accelerating wage growth will take some of the pressure off household finances, the uncertainty surrounding Brexit continues to weigh on the housing market and on consumer confidence. As a result, we expect just a slight pick-up in sales growth this year to 1.3%.