UK Shoppers Cast Off Brexit Blues To Spend More In November – BRC

dewby

LONDON (Reuters) – British shoppers picked up the pace of their spending last month – excluding distortions caused by the timing of Black Friday – as they took a break from worrying about Brexit, a survey showed on Tuesday.

The British Retail Consortium said total retail spending tumbled by 4.4% compared with its figures for November 2018 which included the Black Friday period, unlike this year.

Discrepancy - Differences - Proximity - Christmas - BRC

Adjusting for that discrepancy, and for differences in the proximity to Christmas of the BRC’s November sales measurement period, the figures looked better for retailers.

Adjusted sales rose 0.9% year-on-year, the biggest increase since January, apart from April when the timing of Easter gave a calendar-related boost to sales.

Britain - Consumers - Pay - Inflation - Economy

Britain’s consumers, buoyed by rising pay and modest inflation, have helped the economy to grow since the 2016 Brexit referendum, offsetting cuts to investment by many companies.

But there have been some signs recently that shoppers were turning more cautious, given the lack of clarity about Britain’s departure from the European Union and...

(Excerpt) Read more at: www.oann.com

50 Top Stories Breaking Now!
Where The World Finds Its News - LongRoom News!

Wake Up To Breaking News!

SUBMIT