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

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

Republicans to query firms that ran Clinton's private server

Aug 23, 2016

Republicans are stepping up attacks on former Secretary of State Hillary Clinton's use of private email, alleging that foreign donors to the Democratic presidential nominee's family charity got preferential treatment from her department

McDonald's recalls millions of Happy Meals fitness bands

Aug 23, 2016

McDonald's recalling millions of fitness bands included in Happy Meals because they might cause skin irritation

People also read these

Officials: Zika won't hurt South Florida tourism in long run

Aug 20, 2016

The discovery of Zika-carrying mosquitoes in South Florida certainly isn't ideal for tourism, but local officials and business leaders are confident the long-term impact on the tourism industry will be minor

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

WhatsApp is going to share your phone number with Facebook

Aug 25, 2016

Global messaging service WhatsApp says it will start sharing users' phone numbers with Facebook, its parent company

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:

Join our mailing list now!