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Stock impact report

UK consumer spending falls by most since July in run-up to Brexit: Visa data [Reuters]

IHS Markit Ltd. Common Shares (INFO) 
Last ihs markit ltd. common shares earnings: 3/24 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.ihsmarkit.com
Company Research Source: Reuters
UK consumer spending falls by most since July in run-up to Brexit: Visa data | Reuters 2 Min Read LONDON (Reuters) - British consumer spending fell by the most since July last month, payments company Visa said on Tuesday, adding to signs of slowing economic growth toward the end of the year. Consumer spending dropped 0.7 percent year-on-year in November, a sharper decline than October’s 0.2 percent drop, Visa said, based on inflation-adjusted usage data from its debit, credit and prepaid cards. Black Friday discounts did not remedy slowing spending as some retailers had hoped. Challenging economic conditions and uncertainty surrounding Britain’s upcoming departure from the European Union have weighed on British consumer confidence, with expenditure down most months so far this year. “The disappointing trend reflects relatively subdued consumer confidence as uncertainty lingers over the outcome of ongoing Brexit negotiations,” IHS Markit economist Annabel Fiddes said. While spending at Show less Read more
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