According to latest IGD research spending in the retail sector is on the rise, with the month of May seeing the largest increase in spending in 2018. And with the weather continuing to improve into July, consumer spending on food and grocery, as well as clothing and footwear, will continue to rise.
The proportion of disposable income expenditure rose 1.1% to 30.7%in May – the highest percentage so far this year. Furthermore, spend allocation on holidays, travel, essentials and services were all up on the previous month.
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