UK consumer spending higher says Visa, fastest growth since January this year

Author: Eamonn Sheridan | Category: News

Visa data reported via Reuters shows growing consumer spending over the three months to August 

  • Quickest rate since Jan
  • Inflation-adjusted consumer spending between June and August was +0.3% on the previous 3 months (0.2% in May-July)
  • +0.4% y/y (prior -0.9%)
Visa citing:
  • prolonged good weather helping hotels, restaurants and bars
Meanwhile, Rightmove House Prices for September came in at +0.7% m/m
  • prior -2.3% m/m
The y/y was +1.2%
  • prev +1.1% y/y

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