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Consumer spending down 1.9% in wettest April on record Tuesday, 8th May 2012
Consumer spending in the UK dropped 1.9 per cent in April, the wettest on record, as shoppers held back spending on summer goods.
In a brief moment of respite, umbrella sales at John Lewis rose 5000% in the last week of April.
According to Visa Europe’s UK expenditure index, household spending slumped 1.9 per cent month-on-month in April, following a 0.3 per cent rise in March. Compared with the same month in 2011, spending was down 4.3 per cent, far worse than the 1.9 per cent fall in March and the steepest decline in 11 months.
High street spending fell 6.9 per cent in April compared with the same month a year earlier. Online spending dipped 0.8 per cent, indicating that shoppers were more inclined to shop from the comfort of their homes while the weather was less than impressive.
Mall and telephone orders fell by 6.6 per cent.
Sales of household items fell almost 10 per cent, while food, clothing and shoe sales decreased by 8 per cent.