Consumer Spending Holding Up Post-Brexit: BarclaysMani
Despite the economic uncertainty in the immediate aftermath of the U.K. referendum, consumer spending is holding up comparatively with an increase of 2.14% versus the prior week, reports Barclays. However, Dennis Jose and colleagues highlight in their July 12 research piece titled “Post Brexit: No slowdown yet” that consumers might have adopted a cautious mindset around discretionary spending in the days after the referendum result, despite consumer confidence collapsing to its lowest rate . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible