The June reading marked a sharp pickup from 0.8% in May, suggesting household spending strengthened despite ongoing cost-of-living pressure in Britain.
UK consumer spending increased 1.9% year-on-year in June, accelerating from 0.8% in May, according to Barclays data. The gain points to a sharper rebound in household outlays than the prior month, even as Britain continues to grapple with cost-of-living pressure. The source characterized the data as showing that consumers kept spending despite that backdrop.