UK Expenditure Index

UK Expenditure Index, Dec 2012: Visa Europe

  • Marginal reduction in UK household spending indicated. Month-on-month fall of -0.9% recorded in December (November: 0.1%).
  • Year-on-year spending was -1.7% lower (November: -1.4%).
  • Underlying spending down following recent strong growth: December 3m/3m rate at -0.9% (November: 1.8%).
  • High street spending principal source of weakness in final month of 2012.
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