More UK data - payment card data for May shows huge retail spending increase

Barclaycard (the credit and debit card division of Barclays): data - Its measure of consumer spending +5.1 y/y in May

• Biggest increase in 13 months
• Barclaycard said +4.6% for non-essential spending growth was the strongest in 14 months

Citing

• hot weather helping sales at garden stores and at other retailers

Add:

• Barclaycard said fewer consumers had confidence in their household finances in May