Based on the forecast data for UK retail output excluding motor vehicles and motorcycles:
- 2024: £176.04 Billion
- 2025: £179.46 Billion (YoY: +1.94%)
- 2026: £182.83 Billion (YoY: +1.88%)
- 2027: £186.17 Billion (YoY: +1.83%)
- 2028: £189.48 Billion (YoY: +1.78%)
CAGR (2024-2028): Approximately 1.86%
Future trends to watch include the impact of e-commerce's continued growth, changes in consumer behavior post-pandemic, and macroeconomic factors such as inflation rates and supply chain disruptions. Monitoring these trends will be crucial for accurately forecasting retail performance.
