UK Consumer Spending: Modest Growth, Online Boost
Update: 2025-11-05
Description
UK Consumer Spending Sees Modest Uptick: Older Shoppers Drive Growth, Online Purchases SurgeIn the latest data, UK consumer spending inched up by 0.4% over the past year, with older consumers and online shopping leading the way. While overall growth is slower than before, digital content, retail, and home electronics saw the strongest growth. However, fuel, motoring, and hardware sectors lagged behind. Clothing retail, which had been performing well, experienced a decline. Looking ahead, Barclays predicts a 2.1% increase in overall spending next year, with discretionary spending outpacing non-discretionary spending and clothing retail expected to rebound significantly. Despite positive signs in online spending, younger shoppers, particularly those aged 18-29, are still spending less, posing challenges for retailers like ASOS and Boohoo.
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