British consumer spending showed modest growth in March. There do seem to be signs of strain beginning to emerge beneath the surface.
British Retail Consortium (BRC) data:
BRC chief executive Helen Dickinson highlighted the resilience of both food and non-food categories, suggesting a quiet strengthening in consumer appetite despite geopolitical pressures.
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 retailersBarclays 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. Read More Details
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