Topic filter : Consumer Spending

Most trending topics in Business & Finance ( last 24 hours ):
Investigation Hacker Hacking Virgin Media Contract British Business The Queen Brexit Investment Retailer Luxury Pound Upmarket Yen Barclays Central Bank European Central Bank Euro Aviation Civil Aviation Authority Biotech Eurozone Gambling Watchdog Takeover Sainsbury Funding NHS Employer Career Prime Minister

Socially Most Trending News

. Britain’s vote to leave the EU has squeezed living standards, hit consumer spending and dampened the country’s growth prospects, a Guardian analysis of economic news over the year since the referendum shows. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:36 AM
Total Trend count
58
Most trending on :
40 13 5
....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. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:55:53 AM
Total Trend count
42
Most trending on :
39 3
....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. ... [Read full article on Guardian ]
Saturday 17th of June 2017 11:05:51 PM
Total Trend count
21
Most trending on :
16 4 1
....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. ... [Read full article on Guardian ]
Monday 19th of June 2017 11:28:57 AM
Total Trend count
6
Most trending on :
3 3
....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]. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 07:33:47 AM
Total Trend count
5
Most trending on :
5

Latest Finance News related to Consumer Spending

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. ...
Australian dollar news: GBP/AUD down from 8-month high as British workers face pay squeeze image
....3 per cent and economists predicting that April’s CPI reading will mark a further rise tomorrow, British households are facing the very real prospect of a fall in living standards. Investors fear that the pay squeeze will likely lead to a subsequent fall in consumer spending, which has remained remarkably robust since the start of the year, helping to fuel Britain’s all-important services sector. ...
Jobs market will suffer a Brexit slowdown, say experts image
Source : Guardian [Read Article] Sunday 14th of May 2017 11:01:29 PM
....“The bad news is that there is a real risk a significant proportion of UK workers will see a fall in their living standards as the year progresses, due to a slowdown in basic pay and expectations of inflation increases over the next few months. “This could create higher levels of economic insecurity and could have serious implications for consumer spending, which has helped to support economic growth in recent months. ...
Labour has big spending ideas, but no plan to earn our trust | Phillip Inman image
.... (Set aside for a minute the fact that these cars were mostly acquired with credit plans and are not really bought at all, but leased. Just accept that it is one of the major developments in consumer spending in recent years. ...
US retail sales rise as stores struggle image
Source : BBC [Read Article] Friday 12th of May 2017 05:29:48 PM
.... . Mr Davidowitz said consumer spending isn't strong enough to overcome the headwinds traditional retailers, like Penney, face. ...
Number of second charge mortgages leaps to nine-year high image
Source : Guardian [Read Article] Friday 12th of May 2017 03:10:13 PM
.... Tens of thousands of households, many of them struggling to pay monthly mortgage payments, used second mortgages to bypass more conservative borrowing limits set by their lender. Recent industry figures show that consumer spending on credit rocketed in the past year as households increased their reliance on short-term loans to buy cars or furniture, or just to pay their rent. ...
Sliding sales stoke fears for US department stores image
Source : BBC [Read Article] Thursday 11th of May 2017 04:39:56 PM
.... . Some analysts said the decline in department store sales point to broader weakness in consumer spending - a key driver of economic growth. ...
Bank of England warns Brexit vote will damage living standards image
Source : Guardian [Read Article] Thursday 11th of May 2017 11:14:34 AM
.... Its analysis found average pay was now expected to be £320 lower this year than predicted in the Bank’s February inflation report and £915 lower than it forecast in the May 2016 report that preceded the referendum. The squeeze on household budgets will have repercussions for an economy that is highly reliant on consumer spending to drive growth. ...
Brexit slowdown fears as industrial output falls and trade deficit grows image
....3%. UK growth has been heavily dependent on consumer spending since the financial crisis, but economists believe households will begin to rein in spending in response to falling real pay, as inflation outpaces wage growth. ...
Interest rates to stay at 0.25% until 2019 as living costs surge to 3.5%, says think-tank image
....Families will feel the squeeze on budgets as wage rises fail to keep pace with rocketing inflation, according to the National Institute of Economic and Social Research (NIESR). As a result, consumer spending growth is to grind to a halt by the end of the year. ...
Retail sales 'get Easter boost' from food sales in April image
Source : BBC [Read Article] Tuesday 9th of May 2017 07:09:56 AM
....Food spending accounted for most of the growth, but shoppers were more cautious about other items. The BRC said consumer spending would slow as inflation climbed. ...
UK high street sales weak as shoppers focus on buying essentials image
Source : Guardian [Read Article] Tuesday 9th of May 2017 05:01:52 AM
....The two surveys found that rising inflation had resulted in consumers devoting an increasingly share of their pay packets on household essentials. Barclaycard said consumer spending was 5. ...
Drive carefully – I can see a credit car crash up ahead | Phillip Inman image
.... Yet without car sales, growth in GDP and wages and all the other standard measures of economic progress stand still. This highlights the Bank of England’s difficult balancing act in regulating an economy dependent on consumer spending where debt is a large element for an important minority of households, especially millennials and young families with constrained budgets. ...
UK economy gets boost as service sector growth hits four-month high image
Source : Guardian [Read Article] Thursday 4th of May 2017 11:14:24 AM
. The UK economy has shown signs of picking up over recent weeks as strong demand from overseas helped offset moribund consumer spending at home, according to a survey that will welcomed by Theresa May’s government as next month’s election approaches. ...
Next shares tumble as retailer warns of challenging market image
Source : Guardian [Read Article] Thursday 4th of May 2017 10:50:34 AM
. Fashion chain Next has delivered another gloomy profit and sales forecast, highlighting tough trading conditions for UK retailers as rising inflation pushes up prices and consumer spending weakens. ...
UK manufacturing records fastest growth for three years, figures show image
.... But it has also raised the cost of imports. The survey of more than 600 industrial companies follows official figures last week showing the UK economy slowed markedly in the first three months of 2017 as the effect of higher import costs worked its way through the economy, raising inflation and squeezing consumer spending. ...
UK manufacturing growth at three-year high, survey suggests image
Source : BBC [Read Article] Tuesday 2nd of May 2017 09:23:58 AM
...."The big question is whether this growth spurt can be maintained, especially given the backdrop of ongoing market volatility and a number of political headwinds such as elections at home and abroad. "Other surges seen since the middle of last year have generally proved short-lived, as weak wage growth sapped consumer spending. ...
Chinese economy cools as key sectors continue to slow image
Source : Guardian [Read Article] Sunday 30th of April 2017 02:42:19 PM
....0 from 55. 1 in March, showing the sector was still expanding at a solid pace as rising living standards continue to buoy consumer spending. ...
Good and bad news from an economy in uncharted territory image
Source : Guardian [Read Article] Saturday 29th of April 2017 03:00:02 PM
.... But the flipside to the weak pound is higher import costs for businesses, leading food companies and others to complain of pressure on margins and to raise their prices. There are also fears that those reliant on consumer spending will suffer as higher living costs erode Britons’ spending power. ...
US economy turns in weakest quarterly performance in three years image
Source : Guardian [Read Article] Friday 28th of April 2017 12:54:36 PM
....1% in the fourth quarter. The slowdown primarily reflected slower consumer spending, which grew by just 0. ...
US growth rate hits three-year low image
Source : BBC [Read Article] Friday 28th of April 2017 12:40:39 PM
....1% growth rate seen in the final quarter of last year. The slowdown was down to stagnant consumer spending, economists said. ...
Eurozone inflation picks up to 1.9% image
Source : BBC [Read Article] Friday 28th of April 2017 10:13:23 AM
....5% in the final three months of 2016. The slowdown was partly due to weak consumer spending, after unseasonably warm weather led to lower spending on clothes and heating bills. ...
UK economy grows by 0.3% as service sector slows image
Source : BBC [Read Article] Friday 28th of April 2017 08:32:58 AM
...."It is increasingly likely that the slowdown in the first quarter is the start of a sustained period of more sluggish growth. Inflation is expected to continue to rise, increasing the squeeze on consumer spending power and firm's profit margins, pushing growth lower," he said. ...
British consumers' confidence slumps as inflation grows image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:03 AM
....“Many analysts have said for a while that inflation would bite and these figures show that it has started to – and is likely to get worse over the coming year,” said Stephen Harmston, head of YouGov reports. The downbeat tone of the poll chimes with signs the economy has lost momentum in recent months as the post-referendum resilience in consumer spending wanes. ...
Eurozone recovery gathering pace, says Draghi image
Source : BBC [Read Article] Thursday 27th of April 2017 12:21:29 PM
....Economic confidence is at its highest since the eurozone debt crisis, but inflation continues to miss the ECB's target for a fifth straight year. Mr Draghi said the recovery was helped by higher consumer spending, wage growth and a global economic rebound. ...
Wall Street edges down after Trump tax plan image
Source : BBC [Read Article] Wednesday 26th of April 2017 08:19:48 PM
....The drugs giant reporting an 8. 3% fall in third-quarter profit, caused by slowing consumer spending. ...
Costa Coffee owner welcomes plan for 'barista visas' after Brexit image
Source : Guardian [Read Article] Tuesday 25th of April 2017 12:20:58 PM
....Brittain also warned of a “tougher consumer environment” this year, with household budgets squeezed by the weak pound causing price rises, static wages and higher petrol prices. “We are starting to see some changes in consumer spending patterns,” she said. ...
Costa coffee owner Whitbread wary over prospects image
Source : BBC [Read Article] Tuesday 25th of April 2017 10:47:43 AM
....Separately, floor coverings retailer Carpetright said it had seen "tougher trading conditions" in recent months. Analysts have predicted a slowdown in consumer spending as shoppers' budgets are squeezed by rising inflation. ...
Brexit economy: living standards are falling as the snap election looms image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:38:58 AM
....Writing in the Guardian, Andrew Sentance, a former member of the Bank of England’s monetary policy committee, said support for the UK from a strong global economy was being offset by domestic pressures. “There are two big themes which stand out from this month’s data, and they show the UK being pulled in opposite directions by the global economy and consumer spending,” said Sentance, a senior economic adviser at the consultancy PwC. ...
‘Modest’ interest rate rise on cards, says Bank of England expert image
Source : Daily Express [Read Article] Friday 21st of April 2017 08:49:00 PM
.... . He told the Federation of Small Businesses the growth would be driven by business investment and exports, helping to offset the slowdown in consumer spending. ...

Page rendered in 1.9729 seconds.