UK consumers up their spending in May after April drop

May heatwave fuelled rise in consumer spending

Shops reported a roaring trade in fans, lighter bedding and outdoor toys, and the football World Cup is expected to boost sales of alcohol

UK consumers up their spending in May after April drop

Consumers in Britain increased their spending in May after reducing it in April, but their expenditure on travel dropped for ​a third month in a sign of caution over the ‌economic impact of the Iran war, surveys showed on Tuesday.

Card Spending Edged Up Last Month, But Consumers Remain Cautious

Latest consumer debit and credit card data from Barclays shows spending rose 0.8% year-on-year in May, an improvement from April’s 0.1% decline, but still below the latest inflation rate of 3.4%. Essential spending edged up 0.7%, led by an 11.9% (more…) The post Card Spending Edged Up Last Month, But Consumers Remain Cautious appeared first on KamCity.

Card Spending Returns to Growth In May, as Consumer Confidence Begins to Show Signs of Recovery - CLH News: Caterer, Licensee and Hotelier News - News for Pubs, Bars, Hotels and Restaurants

Share Post Share Email Consumer card spending grew 0.8 per cent year-on-year in May, up from April’s -0.1 per cent decline, but still below the latest CPIH inflation rate of 3.4 per cent. Essential spending climbed 0.7 per cent, led by an 11.9 per cent increase in fuel spending, while non-essential spending returned to growth, at 0.9 per cent, after falling -0.3 per cent last month. May’s sunny weather and the …

Card spending returns to growth in May - Scottish Local Retailer

Consumer card spending rose 0.8% year-on-year in May, up from April’s -0.1% decline, but still below the latest CPIH inflation rate of 3.4%, according to the Barclays Consumer Spend report. Essential spending climbed 0.7%, led by an 11.9% increase in fuel spending, while non-essential spending returned to growth, at 0.9 per cent, after falling -0.3% last month. Spend in supermarkets fell -2%, while transactions dropped -3.9%. However, May’s sunn…