World Cup and sunshine prompt UK consumers to splash out on beer and online shopping
UK consumer spending rose in June as a heatwave and England's World Cup run encouraged people to spend on beer, paddling pools and online shopping, according to Barclays. Although spending growth remained below inflation and most consumers still feel pessimistic about the economy, the football and sunshine gave a temporary boost to certain sectors, with pubs benefiting most as fans made use of extended opening hours during matches.
Spending increased by 1.9% year on year in June, up from 0.8% in May but still below the 3% inflation rate. Pub takings surged, with England's win over Panama making it the busiest day of the year so far, five times above the daily average, while the draw with Ghana saw pub spending rise 244% year on year. The heatwave also drove a 2.4% rise in clothing sales and a 9.7% jump at air-conditioned department stores, though separate BRC/KPMG figures showed shop-based non-food sales fell 1.1% as online non-food sales climbed 5.1%, with industry bodies forecasting a further boost from Wednesday's semi-final against Argentina.
- World Cup wins and hot weather boosted UK pub and shop spending in June
- Pub takings soared on England match days, up to 244% year on year
- Online shopping rose as shoppers avoided the heat; more spending expected