Visa said expenditure has struggled to maintain growth momentum in 2018 to date, with spending falling in seven of the 11 months of the year so far.Of course, anyone who reads regular UK consumer spending news stories will note that some reports from other sources say spending has fallen in more months than that this year, while some say it has dropped in fewer months. And the extent of the rises or falls is often different. 

But that’s due to the specific metrics used by various research firms, as well as the different categories covered. But one thing that all the reports agree on is that overall spending in physical stores is falling, while e-tail continues to rise, but not at the explosive pace of previous years.Visa said the latest reduction was predominantly driven by a further fall in face-to-face expenditure – that is, spending at physical shops. Compared to the same month a year ago, face-to-face spending declined 0.9% in November, following a 2% reduction in October.At the same time, growth in e-tail spend slowed from +2.6% year-on-year in October to just +0.4% in November.Adolfo Laurenti, European Principal Economist at Visa, said: “Despite the lure of Black Friday, consumer spending slipped againคำพูดจาก สล็อต789. While e-commerce spending showed a slight uplift, [this] still disappoints at the onset of this crucial festive season.“Despite some easing in inflationary pressures and an improvement in wages and earnings, consumer confidence has deteriorated further, as uncertainty continues to surround Brexit. Economic conditions are likely to remain challenging for retailers, at least in the short term.”Annabel Fiddes, Principal Economist at IHS Markit, added: “The disappointing trend reflects relatively subdued consumer confidence as uncertainty lingers over the outcome of ongoing Brexit negotiationsคำพูดจาก สล็อตออนไลน์. At the same time, businesses signalled the weakest increase in activity for nearly two-and-a-half years in November, according to PMI survey data.”