Subscribe To
UK consumer spending data for November - 'greatly lagged' inflation
The UK data via the
British retail consortium (BRC) survey:
- total sales in November +4.2% y/y vs +1.6% y/y in October
- like-for-like sales +4.1% y/y vs October +1.2% y/y
And, via
Barclaycard:
- UK November consumer spending +3.9% y/y vs October +3.5% y/y
Reuters summarise:
- consumer spending ticked up last month at a rate that greatly lagged behind inflation
- underscored the pressure on h... Read More
Posted: Dec 6 2022, 00:09
Author Name: forexlive
Views: 110773