June cold snap leads to consumer spending slump

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June cold snap leads to consumer spending slump
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Sales of weather-sensitive categories such as clothing and footwear, as well as DIY and gardening, were hit particularly hard, figures show.

June’s poor weather saw consumer spending slump as shoppers gave up on their gardens and DIY and bought new televisions to watch the Uefa European Football Championship instead, figures show.

Electronics sales had a better month as football fans cheering on their national teams upgraded their home entertainment systems and people replaced their pandemic purchases. “Despite pressure on household finances easing, with petrol and energy costs and shop price inflation all continuing to fall, consumers remain incredibly reluctant to take the brakes off their spending.

Separate figures from Barclays show consumer card spending fell by 0.6% year on year in June – the first decline since February 2021 – as the colder weather early in the month hampered spending at clothing stores, pubs and garden centres. Consumers also delayed home and garden renovations due to the cold snap, with spending on home improvements and DIY down by 9.4% and garden centres seeing a steeper drop of 12.7%.

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