UK Expenditure Index

UK Expenditure Index, Oct 2012: Visa

  • UK household spending falls following two consecutive months of growth. Monthly decline of -2.9% (September: +3.1%).
  • Annual fall in consumer spending recorded in October. Decline of -1.8% registered (September:+0.1%).
  • Underlying growth of spending maintained: October 3m/3m rate 2.3% (September: 1.8%).
  • Return to growth of internet spending, but high street shows fall compared to a year ago.
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