UK April consumer spending shows its biggest increase since June 2023 ...Middle East

The British Retail Consortium reported a 7.0% year-on-year rise in total retail sales, up from 1.1% in March — the strongest annual gain for any month since the pandemic.

Clothing sales were a standout, driven by the sunniest April on record since 1910

Separately, Barclaycard data showed consumer card spending rose 4.5% year-on-year, the largest increase since June 2023 and the first time in over two years that spending growth outpaced inflation.

household confidence remained steady, with 70% of consumers feeling stable about their finances.

This article was written by Eamonn Sheridan at www.forexlive.com.

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