British consumer spending grew at its fastest rate in 8 months in January, helped by a rebound in clothing and footwear sales, figures from payment card company Visa Europe showed on Monday.
Seasonally adjusted consumer spending rose by 2.7 percent year-on-year, the fastest rate since May 2015 and up from 2.2 percent in December, according to the monthly survey.
“It’s a feel-good start to the year for retailers and consumers, despite the global economic jitters,” Visa Europe’s managing director for the United Kingdom, Kevin Jenkins, said.
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