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Shopping Centre and High Street Spotlight

UK Commercial – Q2 2021


Autoren: Mat Oakley , Marie Hickey , Joshua Arnold

Reihe: Savills Spotlight

Anbieter: Savills

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  • Erscheinungsweise: Quartalsweise
  • Berichtszeitraum: 2. Quartal 2021
  • Erscheinungsdatum : 29.07.2021
  • Seiten : 6 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 1.023,75 kB
  • Sprache(n) : Englisch

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Confidence across the consumer environment has improved in line with widespread vaccination and pent-up demand

The various reopening phases throughout Q2 2021 triggered significant improvements to the consumer environment. Consumer confidence data, as per GfK's monthly index, points to an inherently positive outlook following 14 months of restrictive measures. The index for personal financial situation (for the next 12 months) remained at +11 in July; its highest level since October 2007. The climate for major purchases also improved by seven points in July, as it pushed closer to pre-Covid levels.

Despite the delay to the final easing of restrictions, the UK retail market has been well-poised to benefit from the gradual return to normality, driven by pent-up demand and heightened household savings over the course of the last year. The reopening of non-essential retail from 12 April followed by indoor hospitality from 17 May generated two major boosts to footfall recovery. According to Springboard data, average weekly footfall across the UK in June 2021 improved to its highest level since the start of the pandemic, when compared to 2019 equivalent levels.

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