UK consumers prove resilient to Brexit uncertainty _ for now

LONDON — Official figures show the average British consumer shrugged off uncertainty surrounding Brexit at the start of the year.

The Office for National Statistics said Friday that retail sales during January were up 1 percent from the month before, with clothing and footwear heavily in demand.

The monthly increase was greater than the expected 0.2 percent increase.

Analysts cautioned about reading too much into the January figures as they came after a relatively poor Christmas period that's seen some retailers struggle to stay afloat.

And Brexit uncertainty hasn't gone away. If anything, it's getting more acute.

James Smith, developed markets economist at ING bank, said there is a risk that, as the March 29 Brexit date draws nearer, "nervousness about the impact of 'no deal' will creep into the consumer mindset."

You may also interested in

US stocks take small losses as energy companies slide

Aug 19, 2016

US stocks take small losses as the dollar regains a bit of strength and energy companies trade lower

Delphi, Mobileye join forces on autonomous car platform

Aug 23, 2016

Auto parts and electronics company Delphi Automotive is joining with Israeli software maker Mobileye to develoDelphi and Mobileye plan to build a complete autonomous driving platformp the building blocks for a fully autonomous car in about two years

AP NewsBreak: Feds want to ban swimming with Hawaii dolphins

Aug 24, 2016

Federal regulators are proposing a ban on swimming with dolphins in Hawaii

People also read these

Rural church among those providing aid after Louisiana flood

Aug 21, 2016

Rural church among those providing aid, including food and prayer services, after Louisiana flood

Valeant, attempting to normalize operations, names new CFO

Aug 22, 2016

Valeant Pharmaceuticals is replacing Robert Rosiello as chief financial officer as the embattled pharmaceutical company attempts to normalize operations amid a host of ongoing investigations and class action suits

AP NewsBreak: Feds want to ban swimming with Hawaii dolphins

Aug 24, 2016

Federal regulators are proposing a ban on swimming with dolphins in Hawaii

Emporium Post fulfils the need to know all things about consumers and how businesses can take this opportunity to reach their own customers.

Contact us: sales@emporiumpost.com

Join our mailing list now!