UK Barclay card data shows annual growth in consumer spending weakest since February 2021

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British Retail Consortium (BRC) April 2024 data

  • Total sales -4.0%
    year-on-year vs March +3.5%
  • Like-for-like sales
    -4.4% y,y vs March +3.2%
  • “Dismal weather and disappointing sales led to a depressing start to spring for retailers, even accounting for the change in timing of Easter”

Barclays UK April
consumer spending +1.6% y/ vs. March was +1.9%

  • Barclays said annual growth in consumer spending on its
    payment cards slowed to its weakest since
    February 2021

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



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