UK consumer spending resilient in March despite tariff fears and rising business concerns ...Middle East

British Retail Consortium (BRC) data:

total retail sales rose 1.1% year-on-year in March, matching February’s pacelike-for-like sales also held steady at 0.9%

In contrast, Barclays’ broader measure of UK consumer spending — which includes debit and credit card transactions — painted a more subdued picture:

spending rose just 0.5% year-on-year, down from 1.0% in February and falling short of inflationsupermarket sales dropped 2.6%, although warmer weather did support spending at garden centres and specialty food retailers

Barclays chief UK economist Jack Meaning warned of a possible softening in consumer activity ahead.

“We expect spending to remain muted through mid-2025, before gradually recovering into 2026 as interest rate cuts and stabilising conditions take hold” This article was written by Eamonn Sheridan at www.forexlive.com.

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