Vicky Redwood
Vicky Redwood
consumer data further lend spending support view
Overall, today's data lend tentative support to our view that the consumer spending slowdown has further to run.
believe criticisms figures good job looked online
Criticisms have been raised, but we have looked at it ourselves, and we believe the ONS figures do a good job of measuring online sales.
again biggest driven drop fall partly rise since
Most importantly, the rise was again driven partly by a fall in employment, of 57,000. This was the biggest drop since 1993.
alongside bad consumer debt households pressure rapid recent rise starting
This rise in bad debt, alongside the recent slowdown in consumer credit, suggests that households are starting to feel the pressure of their rapid build-up of debt in recent years.