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....“Small business owners are paying themselves less, struggling to award pay rises and pushing up prices in an attempt to absorb increased outgoings. This threatens to further stifle already reduced consumer spending power,” he said. ... [Read full article on Guardian ]
Thursday 17th of August 2017 11:26:01 AM
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Latest Finance News related to Consumer Spending

Rising inflation leads to sales falls in all UK retail sectors apart from food image
....“Small business owners are paying themselves less, struggling to award pay rises and pushing up prices in an attempt to absorb increased outgoings. This threatens to further stifle already reduced consumer spending power,” he said. ...
Pound V euro: GBP slumps against EUR as UK inflation holds steady image
Source : Daily Express [Read Article] Tuesday 15th of August 2017 11:43:00 AM
....While inflation remains strong at the start of the third quarter, economists are still doubtful that the current level of consumer price pressures will prompt the Bank of England (BoE) to begin tightening monetary policy. With the BoE not expected to make any moves in the near future, concerns are likely to grow over the pressures facing household finances, with consumer spending likely to keep sliding as lacklustre wage growth means families face a drop in real wages. ...
Japanese economy posts longest expansion in more than a decade image
Source : Guardian [Read Article] Monday 14th of August 2017 02:23:48 AM
....Japan is shrugging off decades of sluggish growth that it has been attempting to counter with a massive money printing programme championed by the prime minister, Shinzo Abe, to stimulate bank lending, investment from companies and buying among consumers. The factors that propelled the most recent growth in GDP were led by rising domestic activity, as consumer spending accelerated significantly, while low unemployment helped wages to grow faster than in the previous quarter. ...
Too much hinges on house prices: but Britain may yet avoid a crash image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:47 PM
.... The Bank of England is wary of tightening policy for that very reason. As Kallum Pickering of Berenberg has noted, there is a close correlation between house prices and consumer spending: a 10% year-on-year increase in house prices normally implies a 2. ...
UK trade deficit widens as fall in sterling fails to improve export sales image
Source : Guardian [Read Article] Thursday 10th of August 2017 03:13:41 PM
....2% in the three months ending in July. Amit Kara, the head of UK macroeconomic forecasting at the thinktank, said: “We see a modest recovery in the second half of this year in response to strengthening global growth and a weaker currency but, on the flipside, consumer spending is likely to be weighed down by weak wage growth and investment spending held back by Brexit-related uncertainty. ...
UK consumers cut spending on clothes, cars and foreign travel image
Source : Guardian [Read Article] Sunday 6th of August 2017 11:01:05 PM
....Britons are slashing spending on new clothes, cars and foreign holidays, according to new figures that underscore the effect on consumer confidence of rising living costs and the uncertainty surrounding Brexit. Spending fell for a third consecutive month in July, according to Visa’s consumer spending index, which it said was the longest-running slump since February 2013. ...
UK economy is about to surge back to life, says leading forecaster image
Source : Guardian [Read Article] Tuesday 1st of August 2017 11:01:30 PM
....25%, its lowest level in the Bank’s 323-year history. Carney is likely to highlight how wages have failed to keep pace with rising prices, hitting real incomes and consumer spending. ...
Fever-Tree co-founder toasts £29m payout as shares hit record high image
Source : Guardian [Read Article] Wednesday 26th of July 2017 09:57:47 AM
....3%. Neil Wilson, a senior market analyst at ETX Capital, said the shares were not cheap at the current price, and the company could see tougher times ahead in the UK: “Fever-Tree will have to continue to grow at this clip to justify the valuations [and] maintaining this level of growth in the UK will be tough as this market could deteriorate over the next couple of years if there is a hit to consumer spending from inflation and any Brexit-related slowdown. ...
UK factory output grows at fastest rate since mid-1990s image
Source : Guardian [Read Article] Tuesday 25th of July 2017 03:24:14 PM
....“It’s great to see the benefits from the decline in sterling for UK exporters feeding through. But the flipside is the broader hit to consumer spending power across the economy from stronger inflation, which is likely to have fuelled the slowdown in the economy in the first quarter and is expected to pull down growth in the second quarter. ...
'Britain is fast becoming the sick man of Europe' – experts debate Brexit data image
....5% which the UK economy enjoyed from 2013 until 2016. The squeeze on consumer spending from higher inflation is one of the key drivers of the slowdown. ...
Brexit economy: sterling fall hits public finances and fails to boost trade image
....The sharp fall in sterling triggered by the EU referendum result is having an adverse effect on Britain’s already weak public finances but has yet to bring about the expected improvement in the trade deficit, a Guardian analysis of the economic news of the past month shows. In a period in which business confidence took a hit from the government’s loss of its overall majority in the general election, the Guardian’s monthly tracker found little evidence that the impact of a more competitive currency was offsetting a slowdown in consumer spending caused by dearer imports. ...
Number of firms issuing profit warnings falls - but there may be worse to come image
....”. The most warnings issued during the quarter came from retailers, citing the impact of higher inflation on consumer spending. ...
Warm weather drives UK shoppers back to the high street image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:21:55 PM
....8%, workers are suffering a sustained period of falling real pay. Despite the weak backdrop for household finances, economists at Capital Economics said there were a number of reasons why a collapse in consumer spending was unlikely. ...
Lower fuel prices slow pace of UK inflation image
Source : Guardian [Read Article] Tuesday 18th of July 2017 08:56:34 AM
....“Bank of England governor Mark Carney recently suggested that the Bank needs to see stronger investment and a recovery in wage growth before tightening policy. But political uncertainty, the deteriorating outlook for consumer spending and rising cost bases from higher import prices mean that both look unlikely to materialise. ...
UK growth will slow as consumer spending is squeezed, forecasts PwC image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
. Record levels of employment will fail to prevent the economy’s growth rate slowing this year and next during a period when consumer spending will be squeezed by rising inflation and falling living standards, the consultancy firm PwC has predicted. ...
UK business confidence at lowest point for six years, say forecasters image
....”. He said consumer spending, the economy’s main engine of growth, would continue to lose momentum as the pound’s collapse since the Brexit vote continued to stoke inflation. ...
UK interest rates aren't about to rise as real pay slides | Larry Elliott image
....What’s more, even after the pick-up in regular pay, living standards are currently being squeezed hard. Prices are going up more quickly than wages and that is feeding through into weaker consumer spending. ...
UK pay squeeze intensifies as real wages continue to fall image
Source : Guardian [Read Article] Wednesday 12th of July 2017 10:35:05 AM
....Regular pay adjusted to account for the impact of inflation fell by 0. 5% year on year over the period, shrinking family incomes and signalling a weaker outlook for consumer spending. ...
Political upheaval will lead to UK economy slowing down, says Moody's image
Source : Guardian [Read Article] Tuesday 11th of July 2017 12:51:23 PM
....”. S&P said the better-than-predicted performance of the economy in 2016 had been the result of “extraordinarily robust consumer spending” but added that the pressure on households from prices rising more rapidly than wages was likely to persist for the rest of 2017 and into 2018. ...
Spending falls at fastest rate for four years as consumers tighten belts image
....Spending fell by 0. 3% between April and June compared with the same period a year earlier, the biggest drop since the third quarter of 2013, according to Visa’s consumer spending index. ...
The UK economy must take a long, hard look at itself | Larry Elliott image
....Things didn’t work out as planned and the reason they didn’t was that Cameron and Osborne failed to understand just how structurally weak the economy was. They assumed that it wouldn’t really matter if consumer spending was flat and the housing market a bit depressed because growth would pick up elsewhere – in manufacturing, exports and investment – to compensate. ...
Trump's growth problem: jobs boost masks trouble ahead for US economy image
.... Manufacturing languished while food services and healthcare led the pack. The numbers were the latest in a strange series of figures coming out about the US that point to an economy that seems almost becalmed, with every positive economic point countered by its opposing force: a strong job market and rising consumer confidence, but lower automotive and retail sales and low overall consumer spending. ...
Bank of England's Michael Saunders: 'Prepare for higher interest rates' image
.... At the time it predicted the economy would grind to a halt by the end of 2016. In the event, resilient consumer spending helped power growth and the UK was one of the best performing advanced economies in the world. ...
Consumer confidence is lowest since Brexit vote aftermath, survey finds image
....“The scores on the general economic situation looking forward and back 12 months are now particularly weak,” Staton added. “Strong consumer spending has propped up the economy since last June but now the twin pressures of higher prices and sluggish wage growth are squeezing household finances and adding to widespread fears of a Brexit-induced economic slowdown. ...
US growth rate revised higher image
Source : BBC [Read Article] Thursday 29th of June 2017 02:15:41 PM
....1%. The latest growth figure was helped by an increased estimate for growth in consumer spending, which was revised up to a rate of 1. ...
Pound leaps as Carney says growth will be factor in interest rate debate image
Source : Guardian [Read Article] Wednesday 28th of June 2017 03:15:46 PM
....The governor stressed that certain conditions needed to be met before he would side with MPC members pressing for higher rates, and hinted that he would not change his vote at their next meeting in August. “When the MPC last met earlier this month, my view was that given the mixed signals on consumer spending and business investment, it was too early to judge with confidence how large and persistent the slowdown in growth would prove,” Carney said at a gathering of central bankers in Portugal. ...
Consumer confidence collapsed after general election, YouGov finds image
Source : Guardian [Read Article] Monday 26th of June 2017 11:05:13 PM
....However, YouGov said the data suggested that the job security and business activity measures, both for the last 30 days and the next 12 months, were proving relatively resilient. A report by the British Bankers’ Association showed consumer spending using loans and credit cards eased back last month as shoppers to rein in their spending. ...
With politics turned on its head, Labour sticks to Brexit ambiguity image
Source : Guardian [Read Article] Sunday 25th of June 2017 01:05:57 PM
.... The pound’s fall has made imports dearer and contributed to a squeeze on living standards, but it has helped manufacturers who, according to the CBI, have the strongest order books in three decades. Britain’s unbalanced economy needs higher exports and less reliance on consumer spending, unpopular though that combination is. ...
UK manufacturing soars thanks to weak pound and global recovery image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:55:53 AM
....Britain’s manufacturers are enjoying the strongest demand for their products in almost 30 years as a recovering global economy and a weaker pound boost order books. The monthly snapshot from the CBI found that export and total order books were both at their highest for decades – providing some hope that a stronger manufacturing sector would cushion the effect of higher inflation on consumer spending. ...
Bank of England says interest rates should be kept on hold amid Brexit uncertainty image
....In his delayed speech to the City of London’s elite at Mansion House, Carney explained why he was one of five of eight members voting for no change in borrowing costs. “From my perspective, given the mixed signals on consumer spending and business investment, and given the still subdued domestic inflationary pressures, in particular anaemic wage growth, now is not yet the time to begin that adjustment [to higher rates]. ...
Did you hear the one about the inequality and the thinktank? image
Source : Guardian [Read Article] Monday 19th of June 2017 11:28:57 AM
....On Wednesday we get the latest instalment of the Bank of England’s agents’ summary of business conditions – effectively a report from Threadneedle Street’s eyes and ears on the ground around the country. The field agents talk to hundreds of businesses and report back with scores and comments on the health of consumer spending, manufacturing, the housing market, pay awards and costs faced by business and consumers. ...
Debt bubble returns millions to days of 2008 crash image
Source : Guardian [Read Article] Saturday 17th of June 2017 11:05:51 PM
....Unsecured consumer credit – including credit cards, car loans and payday loans – is this year expected to hit levels not seen since the 2008 financial crash. There has been concern in the Bank of England that consumer spending is being underpinned by debt, amid comparisons to the run-up to the financial crash. ...
Bank of England doves right to thwart hawks seeking interest rate rise image
Source : Guardian [Read Article] Thursday 15th of June 2017 01:18:37 PM
.... Inflation is heading above 3%, at which point the Bank’s governor, Mark Carney, will have to write an explanatory letter to the chancellor, Philip Hammond. The continued fall in unemployment also meant a tighter labour market and, although the weak pound has put the brakes on consumer spending by making imports dearer, the other side of the coin is that a more competitive currency is helping exports and encouraging businesses to invest. ...
Bank of England edges closer to increasing UK interest rates image
Source : Guardian [Read Article] Thursday 15th of June 2017 11:11:41 AM
....Since the Brexit vote the Bank’s committee of rate-setters has been forced into a balancing act between keeping import-fuelled inflation in check and providing support to the economy as uncertainty and a squeeze on incomes bites. The five policymakers voting to leave interest rates on hold at June’s meeting, including the Bank’s governor, Mark Carney, appeared to be more worried about a slowdown in consumer spending as households grapple with rising prices and meagre wage growth. ...
DFS warns over profits in latest sign of UK spending squeeze image
Source : Guardian [Read Article] Thursday 15th of June 2017 09:32:26 AM
....“The trading environment has recently weakened beyond our expectation, with significant declines in store footfall leading to a material reduction in customer orders,” he added. Filby’s gloomy commentary on consumer spending hit investor confidence about the outlook for the retail sector, with the share prices of major chains including Next, Marks & Spencer, Debenhams, Dixons Carphone and AO World all hit. ...
The Guardian view on austerity economics: it failed | Editorial image
Source : Guardian [Read Article] Wednesday 14th of June 2017 07:07:26 PM
.... Here, though, the chancellor’s cautious approach is less defensible than it is on Brexit. Higher government borrowing is warranted because the outlook for two of the other components of demand – consumer spending and investment – is so poor. ...
Pay squeeze intensifies as wage growth falls further behind inflation image
Source : Guardian [Read Article] Wednesday 14th of June 2017 08:35:03 AM
....Economists are predicting the pay squeeze will accelerate in the coming months, with inflation likely to rise above 3% and as firms limit pay rises as their own costs rise and the economy weakens. The squeeze is expected to weigh on consumer spending, which has been the key driver of economic growth since the financial crisis. ...
Incomes squeeze denied May a landslide – now she must change course image
Source : Guardian [Read Article] Tuesday 13th of June 2017 01:06:01 PM
.... Inflation is likely to go up a bit further, but the ONS’s separate figures for producer output prices, which measure the cost of goods leaving factory gates and provide a guide to inflationary pressure early in the pipeline, appear to have peaked. Moreover, weaker consumer spending will result in lower growth and this will eventually feed through into a fall in inflation. ...
Theresa May's election victory will prove pyrrhic indeed image
Source : Guardian [Read Article] Sunday 11th of June 2017 01:25:35 PM
.... The European Central Bank has belatedly discovered the joys of full-blown quantitative easing and growth has subsequently picked up. In Britain, the stimulus was provided much earlier and the effects have gradually worn off, exposing the long-standing problems of weak productivity and an over-dependence on a booming housing market to support consumer spending. ...
Pound recovers after sharp falls as political turmoil hits markets image
Source : Guardian [Read Article] Friday 9th of June 2017 04:46:50 PM
....13% at 19,769. But UK-focused companies were hit by concerns about a further squeeze on consumer spending following the latest fall in the pound and the fallout from the election. ...
UK economy falls to bottom of EU growth league image
Source : Guardian [Read Article] Thursday 8th of June 2017 05:33:45 PM
....Recent business surveys have suggested the UK economy has picked up some momentum in the second quarter after its slow start to 2017. But with higher inflation weighing on consumer spending, most forecasters expect growth to be lacklustre over 2017 as a whole and even weaker in 2018. ...
Retail sales down as consumers start to feel the pinch image
Source : BBC [Read Article] Tuesday 6th of June 2017 08:51:42 AM
....But that figure was down from 70% in March, and the lowest reading since the beginning of 2015. Barclaycard's own data found that growth in consumer spending fell to 2. ...
Eurozone growth remains fastest for six years, says PMI survey image
....7% rate. He added: "With the rate of job creation rising to one of the highest seen over the past decade, the recovery is also becoming more sustainable, as the improved labour market should feed through to higher consumer spending. ...
UK manufacturing in healthy shape despite election uncertainty image
Source : Guardian [Read Article] Thursday 1st of June 2017 05:24:04 PM
.... Against that backdrop, manufacturers took on new workers at the fastest pace since mid-2014. The upbeat survey will provide some support to those commentators who believe a strong manufacturing sector can offset some of the economic pain from a consumer spending slowdown this year. ...
UK comes bottom of G7 growth league as Canada takes lead image
Source : Guardian [Read Article] Wednesday 31st of May 2017 04:28:02 PM
.... Prices have been increasing since the Brexit vote because the referendum result sent the pound sharply lower and has raised the cost of imports to the UK. That higher inflation has hit household budgets and dented the main driver of UK growth, consumer spending. ...
Signals mixed on US economy image
Source : BBC [Read Article] Tuesday 30th of May 2017 05:09:42 PM
. A mixed portrait of US economic health has emerged, with a rise in consumer spending but a dip in confidence. ...
Amazon shares hit $1,000 for first time image
Source : BBC [Read Article] Tuesday 30th of May 2017 03:11:46 PM
....91 as investors picked their way through a raft of US economic data. Figures from the Commerce Department showed that consumer spending posted its biggest rise for four months in April, climbing 0. ...
Higher inflation drives down real wages for British workers image
Source : Guardian [Read Article] Tuesday 30th of May 2017 12:48:46 PM
....2% in the opening quarter of 2017, from 0. 7% at the end of last year, the pattern was likely to continue as stresses on household finances weighed on consumer spending. ...
Brighter skies over eurozone as growth and employment pick up image
Source : Guardian [Read Article] Saturday 27th of May 2017 03:00:30 PM
....Exports have been driving Spain’s recovery, so strength in the rest of the eurozone and the world has helped. A rebound in consumer spending has provided a further fillip but rising inflation could dent that. ...
Brexit economy: workers face squeeze but firms remain upbeat image
Source : Guardian [Read Article] Thursday 25th of May 2017 11:12:55 AM
....Despite uncertainty over the impending Brexit negotiations with the rest of the EU, closely watched business surveys point to a buoyant mood across a broad range of companies and the FTSE 100 has set record highs. But in a worrying pattern for an economy so reliant on consumer spending, other indicators show household incomes are being eroded as pay growth fails to keep pace with rising prices. ...
UK economy slows more than expected as inflation hits spending image
Source : Guardian [Read Article] Thursday 25th of May 2017 09:24:06 AM
. The UK economy slowed even more sharply than first thought in the opening months of this year as rising prices in the wake of the Brexit vote took their toll on consumer spending. ...
Halfords profits hit by weak pound image
Source : BBC [Read Article] Thursday 25th of May 2017 07:13:06 AM
.... . Ms McDonald said the company was in a "position of strength" despite "uncertainty" about consumer spending due to rising inflation. ...
TUC urges government to help boost pay as debt nears record levels image
Source : Guardian [Read Article] Thursday 25th of May 2017 05:01:19 AM
.... Money spent on paying off debt led to weaker demand and spending, the TUC added. The TUC said it should be of concern to all political parties that the economy was so reliant on consumer spending at a time when unsecured debt was close to record levels. ...
Growth slump as rising prices slowed consumer spending, figures to show image
....7% in the previous quarter. The second estimate of GDP growth provides a more detailed breakdown of how the economy performed, including a first take on consumer spending. ...
Sterling's fall buoys UK manufacturers as export orders rise image
Source : Guardian [Read Article] Friday 19th of May 2017 01:17:38 PM
....“The improvement in the export orders balance, to its joint highest since December 2013, indicates that the drop in the pound is still having substantial positive effects for manufacturing exporters,” said Ruth Gregory, UK economist at Capital Economics. “The upbeat survey supports our view that the manufacturing sector should perform well this year and help to offset some of the slowdown in consumer spending growth. ...
Price rises caused by Brexit a big worry for UK consumers, survey finds image
....Britons have also become less materialistic, the report notes, prioritising spending on leisure activities and experiences over material possessions in what is dubbed “the experience economy”. Despite political turbulence following the vote to leave the EU, Mintel said consumer spending edged up 3. ...
What does increased consumer spending really mean for the UK? image
Source : Daily Express [Read Article] Thursday 18th of May 2017 03:47:00 PM
....If that proves to be the case and the UK’s services sector struggles as 2017 continues, domestic growth could fall sharply. So while today’s retail sales figures were upbeat, the consumer spending reports published over the next few months could paint quite a different picture. ...
Surprise surge in UK retail sales powers pound to eight-month high image
Source : Guardian [Read Article] Thursday 18th of May 2017 10:39:36 AM
....4%, easing fears of an imminent consumer slowdown and signalling a decent start to the third quarter. The stronger-than-expected figures were at odds with broader expectations of a slowdown in consumer spending this year, as prices begin to outpace wage growth, putting increasing pressure on household budgets. ...
Retail sales in April beat forecasts with a 2.3% rise image
Source : BBC [Read Article] Thursday 18th of May 2017 09:01:02 AM
....30 to its highest level since September last year. David Cheetham, chief markets analyst at XTB, said the figures would "go some way to allay the fears of a slowdown in consumer spending following last month's sharp drop". ...
Sales growth grinds to a halt for TK Maxx image
Source : BBC [Read Article] Tuesday 16th of May 2017 03:15:57 PM
....The forecast highlighted the challenges facing even discounters, which had been considered a retail bright spot. Stores in many sectors are under pressure as online competitors claim an increasing share of consumer spending. ...
UK inflation: How could latest figures impact an international property purchase? image
....As the UK’s services sector accounts for such a significant proportion of total GDP, weakness in this area could lead the UK economy into trouble as the year continues. The BoE warned of this consumer spending squeeze in last week’s quarterly inflation report. ...
Energy price rises help drive UK inflation up to 2.7% image
Source : Guardian [Read Article] Tuesday 16th of May 2017 09:04:59 AM
....With wages increasing by just 1. 9%, opposition parties and the TUC said the new inflation figure highlighted the growing pressure on living standards and consumer spending. ...
UK inflation rate at highest level since September 2013 image
Source : BBC [Read Article] Tuesday 16th of May 2017 08:32:29 AM
....Last week, the Bank of England warned that inflation as measured by the Consumer Prices Index (CPI) would peak at just below 3% this year. It also warned that 2017 would be "a more challenging time for British households" with inflation rising and real wages falling - leading to a consumer spending squeeze. ...
General election 2017: Lib Dems promise £100-a-week for entrepreneurs' living costs image
.... It would also review the system of business rates in England and Wales, whose revaluation earlier this year angered many businesses which were left facing bill rises of more than £1,000. "Many firms are struggling to borrow to invest and that is suffocating an economy being propped up on consumer spending," Mr Farron will argue. ...

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