UK consumer spending growth hits 15-month low – Barclaycard

As per Barclaycard, the UK consumer spending growth hit a 15-month low of 2.5% in June compared to 2.8% in May. The details revealed – spending on household goods and entertainment slowed.

Meanwhile, figures from the British Retail Consortium (BRC) and KPMG showed total sales rose by 2% in June, up from 0.2% growth for the same month last year. On a like-for-like basis, which excludes new store openings, the retail sales rose by 1.2% over the period, compared to a 0.5% fall last year. Total food sales also expanded by 4.7% for the three months to June.