Consumer spending up, but growth slows
Published 12/09/2016 | 02:30
Consumer spending grew at its weakest pace in 15 months last month, according to the latest gauge from Visa.
Spending across all payment types rose 4.6pc year-on-year, but weaker than the 6.3pc year-on-year increase recorded in July, and was the slowest since May of last year.
Expenditure online continued to be the strongest, but face-to-face sales near stagnated. The rise of 0.8pc year-on-year was the slowest in the two-year series history.