UK BRC Sales like-for-like for February +2.7% y/y

  • expected 15.2% y/y, prior 8.1%

Total retail sales +6.7% y/y

  • prior +11.9%

BRC warn that surging inflation will see households lower discretiuonary spending ahead.

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Via Barclaycard data, February consumer spending rose 13.7% vs. February of 2020 (i.e. prior to the pandemic).