Retail & Wholesale

Good weather lifts consumer spending after poor half-year

Good weather lifts consumer spending after poor half-year

High street spending rose last month for the first time in over half a year as the good spring weather and May bank holiday combined to give retailers a boost.

Spending in shops was up 0.7% in May, the first positive month since last October, as overall consumer spending increased 3.6% last month, according to figures from Barclaycard.

Spending at garden centres grew by 9.4% year on year and by 22.3% month on month. DIY also enjoyed a sharp rebound, with spending up by 4.8% on the same month last year and by 6.8% compared with April.

Data from the British Retail Consortium and KPMG pointed to a 1.4% total rise in retail sales in the four weeks to May 28, helped by a 'big comeback' in clothing sales.

Helen Dickinson, chief executive of the BRC, said: 'After two months of flat sales May saw growth of 1.4%. While still not spectacular it is in line with the 12-month average of 1.5%. Clothing made a big comeback this month after suffering declines in April.'

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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