Economic Growth: Consumer Demand - Recent Developments

March 2012
United Kingdom Country Monitor;Mar2012, p8
Country Report
The article discusses several developments related to consumer demand in Great Britain in 2011 to January 2012. The country experienced a 0.5% increase in consumer spending in the fourth quarter following a contraction of 0.1% in the third quarter. The nation's retail sales volumes grew 0.9% month-on-month and 2.0% year-on-year in January 2012. Moreover, the reduced pessimism over the economic outlook caused the overall consumer confidence to become firmer early in 2012.


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