Information from Barclays on card spending in December:
Shopper spending +2.3% y/y (that is Barclaycard prospects spending by way of credit score and debit playing cards)
- prior +2.9%
Barclays stated that a part of
the autumn within the month mirrored decrease inflation.
- “We count on (inflation) to fall additional within the opening months
of 2024. This places extra spending energy within the pockets of UK
shoppers and will assist assist them to proceed to spend,
even in opposition to the robust backdrop of weak financial progress,”
This text was written by Eamonn Sheridan at www.forexlive.com.
