综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
World
Home / World / Europe

UK shoppers cut spending by most in more than four years

Agencies | Updated: 2017-11-13 18:52

UK shoppers cut spending by most in more than four years

Shoppers walk past a sale sign in central London, Britain June 27, 2017.? [Photo/Agencies]

LONDON - British shoppers reined in their spending by the most in more than four years in October, according to a survey by payments company Visa which added to other signs that the squeeze on incomes is hitting the high street.

Consumer spending - adjusted for inflation and seasonal effects - fell by 2.0 percent in October compared with the same month last year, Visa said, based on its credit and debit card data. It was the fifth fall in the last six months.

In monthly terms, spending was down 0.9 percent from September.

"The figures are a stark indicator of the strain on household budgets even before the Bank of England’s recent interest rate rise," Mark Antipof, Visa's chief commercial officer, said.

The BoE last week increased its benchmark borrowing rate to 0.50 percent from 0.25 percent, despite many private economists warning that high inflation and weak wage growth was already squeezing household spending hard.

A survey published on Monday showed British employers expect to raise pay for their workers only a little despite strong demand for staff and already low unemployment.

Visa said clothing and footwear suffered the biggest fall in October, down an annual 9 percent, as warm weather put shoppers off buying winter clothes. Falls were also seen in other key areas of spending such as on food and drink and recreation and culture which until recently was growing strongly.

Visa said November's so-called Black Friday and Cyber Monday sales would provide a clearer sign of how the Christmas season was shaping up.

The weak data from Visa echoed other surveys which have pointed to a sharp slowdown in spending in October.

Economists polled by Reuters expect official retail sales data, due to be published on Thursday, will show the sharpest fall since March 2013, when Britain’s economy was just starting to emerge from its post-financial crisis lethargy.

 

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
黑山县| 长沙县| 上虞市| 苍溪县| 进贤县| 泽州县| 桃园县| 容城县| 赫章县| 南陵县| 湘西| 景德镇市| 敖汉旗| 江都市| 通江县| 宜兰县| 垣曲县| 托克托县| 东山县| 绍兴县| 定结县| 威远县| 南靖县| 隆德县| 嵊泗县| 蛟河市| 阿拉善左旗| 墨竹工卡县| 武冈市| 上林县| 金川县| 扬州市| 曲周县| 都兰县| 申扎县| 东丽区| 高雄县| 南华县| 蛟河市| 兴海县| 孟州市|