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Article: British consumer spending grows at lowest rate
- Article from:
- Xinhua News Agency
- Article date:
- August 23, 2002
CopyrightCopyright 2002 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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British consumer spending grows at lowest rate
LONDON, Aug. 23 (Xinhua) -- Consumer spending in Britain's shops
had grown at its slowest rate for 18 months ending July, figures
from the Office for National Statistics of Britain showed Friday.
That rate of increase was the slowest since January 2001, when
consumer spending went up by 3.9 percent over the previous month.
The figures showed that retail sales were 0.3 percent higher in
July than in June, less than a bigger anticipated recovery.
The data is expected to add to fears that a High Street boom in
Britain, credited with ...