UK consumer spending dips in June for first time since January - card data

Market news

15 July 2021

UK consumer spending dips in June for first time since January - card data

Reuters reports that according to data published by the Office for National Statistics, consumer spending on credit and debit cards in Britain fell in June from May for the first month-on-month decline since January.

Aggregate credit and debit card spending, based on data from payment processors provided by the Bank of England, fell by 4 percentage points compared with May 2021, dropping to 95% of its February 2020 average level.

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