ECONOMICS COMMENTARY
May 07, 2013
Subdued start to Q2 for UK consumer spending
Consumer spending fell in April, contrasting with marked growth seen in each of the previous three months. The Visa Europe: UK Expenditure Index, which is derived from card spending data, adjusted for factors such as changes in card usage and inflation, signaled a 2.5% drop in spending compared to March, the largest monthly decline since last October.
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