UK Shoppers Slow Spending After April Bounce, Surveys Show

UK shoppers slow spending after April bounce, surveys show

By Suban Abdulla LONDON (Reuters) -British consumer spending lost momentum in May after a bounce the month before, as households’ confidence in their personal finances and capacity to spend fell, surveys of retailers and consumers showed on Tuesday. The British Retail Consortium said spending in shops rose by just 1% last month, the smallest rise in six months and down from a 7% jump in April, which was the highest year-on-year increase since th…

Household consumption barely grows in April as spending on energy and food falls

Household consumption in the Netherlands increased by just 0.2 percent in April compared with the same month last year, new data from Statistics Netherlands (CBS) shows. The modest growth was driven mainly by higher spending on services, while spending on goods—including energy and food—declined.