Consumer spending growth slowed to a five month low in January

• Consumer expenditure growth weakens to +0.4% year-on-year in January, from +2.5% in December • Face-to-face spending declines at quickest rate in four years (-3.1%), while e-commerce continues to rise (+4.1%) • Hotels, Restaurants & Bars (+5.7%) and Recreation & Culture (+3.1%) are top performing sectors • Clothing & Footwear sees biggest drop in spend since April 2012 (-3.8%)
Format .pdf
Size: 623 KB