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October spending declines at fastest rate in four years, driven by poor performance on the high street
Headline findings:
- Overall spending falls at quickest rate since September 2013 (-2.0% year on year)
- The high street suffers from the second-steepest drop since April 2012 (-5.0%)
- Clothing & Footwear sees record decline in spend (-9.0%)
- Hotels, Restaurants & Bars show resilience, reporting growth of +3.2%
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