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UK consumer activity slowed in mid-June – ONS
Abstract：British consumer activity slowed in mid-June, with fewer visits to restaurants, less usage of public transport and a slight fall in credit and debit card spending, data collated by the Office for National Statistics showed on Thursday.
based on Bank of England interbank CHAPS payments data, which is not adjusted for inflation or the time of year – dropped to 99% of its February 2020 average in the week to June 23 from 100% the week before.
Restaurant reservations from booking website OpenTable dropped by 16 percentage points to 111% of their average at the same point in 2019, while Google Mobility figures showed a 6% fall in visits to ‘transit locations’ in the week to June 24.
Rail workers unions held widespread strikes on June 21, June 23 and June 25.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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