Soaring petrol prices and Devil Wears Prada 2 help consumer spending return to growth

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Soaring fuel prices and box office hits helped consumer spending return to growth in May, according to fresh data from Barclays.

Consumer card spending was up 0.8 per cent year-on-year last month, following a 0.1 per cent dip in April.

The rise came as essential spending jumped 0.7 per cent, led by a near 12 https://www.cityam.com/soaring-petrol-prices-and-devil-wears-prada-2-helps-consumer-spending-return-to-growth/">[...]