UK consumer spending growth slows in August despite ‘Barbenheimer' boost
newscatcher
2023-09-05 00:31
UK consumer spending growth slows in August despite ‘Barbenheimer' boost
Iwona Wylezinska and Siena Maria Wylezinska, dressed all in pink ahead of seeing ‘Barbie' movie, pose for a photo in London, Britain July 29, 2023. REUTERS/Maja Smiejkowska LONDON  – British consumer spending growth lost pace last month, adding to signs of a weakening economy, despite a doubling in cinema takings after the release of the films 'Barbie' and 'Oppenheimer', Barclays data showed on Tuesday. Annual growth in consumer spending on credit and debit cards slowed to 2.8 percent in August from 4 percent in July, which the bank blamed on a continuation of the previous month's rainy weather.

https://business.inquirer.net/419242/uk-consumer-spending-growth-slows-in-august-despite-barbenheimer-boost

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