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UK consumer spending data for November - 'greatly lagged' inflation

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

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