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Consumer spending growth edges up to three-month high in October

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Consumer spending growth edges up to three-month high in October

Headline Findings • Consumer spending increases at fastest annual rate in three months (+2.1%) • Majority of spending categories see increased expenditure, led by Hotels, Bars & Restaurants and Recreation & Culture (+10% and 5.3% respectively) • Renewed increase in spending on the high street as online expenditure continues to rise solidly
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  • Consumer spending growth edges up to three-month high in October

    Headline findings:
    Consumer spending increases at fastest annual rate in three months (+2.1%)Majority of spending categories see increased expenditure, led by Hotels, Bars & Restaurants and Recreation & Culture (+10% and 5.3% respectively)Renewed increase in spending on the high street as online expenditure continues to rise solidly
    Kevin Jenkins, Managing Director UK & Ireland