Carney, Wrong on Brexit, May Have Called Consumer Collapse Right
- U.K. retail sales declined for third month in January
- BOE Governor predicted weakening household spending this year
U.K. Jan. Retail Sales Decline as Inflation Rises
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The U.K. consumer finally appears to be cracking -- potentially taking Britain’s economic strength with it.
Retail sales unexpectedly fell for a third month in January, calling into question the key component of the economy’s recent momentum. The decline left both the three-month and annual rates of growth at the slowest in more than three years.