February Expenditure Index

February Expenditure Index: Visa 

  • Second successive monthly rise in consumer spending: growth of +0.8% registered in February (January: +0.9%). The combined effect of two months of expenditure growth increases the likelihood that the UK will avoid recession in Q1 2013
  • Year-on-year spending unchanged in February (January: -0.9%).
  • Underlying spending continued to fall, but at slower rate: February 3m/3m rate at -1.1% (January: -1.3%).
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