UK consumers up their spending in May after April drop

British consumers increased spending in May after cutting back in April, but travel expenditure fell for a third straight month. The decline in travel spending points to caution around the economic impact of the Iran war. The article is broadly macro-focused and suggests modest headwinds rather than a major shock.

Analysis

British consumers increased spending in May after cutting back in April, but travel expenditure fell for a third straight month. The decline in travel spending points to caution around the economic impact of the Iran war. The article is broadly macro-focused and suggests modest headwinds rather than a major shock.