ID:
1551744446396390300
Tue, 2019-03-05 05:12
LONDON: British consumers reined in their spending in February ahead of Brexit and shoppers focused on buying food, including for stock-piling, rather than non-essential items, data released on Tuesday showed.
The British Retail Consortium (BRC) said total sales edged up by an annual 0.5 percent, a sharp slowdown from growth of 2.2 percent in January.
Separately, Barclaycard said its broader measure of consumer spending rose by 1.2 percent, the weakest increase since the company began recording spending on its cards in 2015.
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