British Retail Consortium August survey
Reuters add more detail:
total spending +1.3 % y/y
- weakest growth since November last year (apart from the drop in April due to the timing of the Easter holiday)
a broader measure of consumer spending by Barclaycard+ 4.5 percent in August
- boosted by an 11.9 percent year-on-year jump in spending at pubs.
The BRC said a broader squeeze on consumers from above-target inflation and sluggish wage growth was denting spending on goods other than food, and that as the weather cooled later in August food sales dropped off too.
