Bloomberg reports U.K. Consumer Spending Growth Cools to Weakest in Almost Two Years.

U.K. household spending grew at the slowest pace in almost two years last month as freezing weather kept shoppers at home.

Annual consumption growth slowed to 2 percent, the weakest since April 2016, Barclaycard said in a report on Tuesday. Spending in stores fell 1.9 percent as Britons opted for online shopping as the “Beast from the East” snowstorm engulfed the country.

A separate survey by the British Retail Consortium found modest sales growth in a “volatile” March. The industry group said that despite the extreme cold, the early timing of Easter helped bolster sales toward the end of the month.

US Retail Sales

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I happen to have a musical tribute

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Mike "Mish" Shedlock

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