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True Religion Jeans Cheap Sale - No signs of New Year hangover as consumer spending soars with households splashing on holidays and eating outOverall consumer spending rose by 1.3% in January compared to last yearSpending in restaurants, hotels and bars recorded the biggest increaseFashion retailers see spending fall 3.3% as they are hit by Black FridayA?ByCamilla Canocchi for Thisismoney.co.uk Published: 07:20 GMT, True Religion Jeans Cheap Sale 9 February 2015 | Updated: 09:04 GMT, 9 February 2015 5 shares 19 View comments Households trying to beat the January blues helped consumer spending soar in January as people splashed on early holiday bookings, eating out as well as food and drinks, new research shows.Overall consumer spending rose by 1.3 per cent last month compared True Religion Jeans Cheap Sale to the same time last year and was 2.1 per cent higher on December, according to the latest UK Expenditure Index compiled by Markit on behalf of Visa Europe.Spending in restaurants, hotels and bars recorded the biggest increase as it soared by 9.7 per cent in January compared to a year earlier.A? Beating the winter blues: True Religion Jeans Cheap Sale People splashed otu on early holiday bookings and in hotels and bars in JanuaryFashion retailers, however, found the beginning of the new year tougher, as clothing and footwear spending fell 3.3 per cent on a yearly baseA?after shoppers flocked to the shops in November for Black Friday promotions. This marked the second month in a row True Religion Jeans Cheap Sale of decline in spending.Shoppers also spent less at the hairdresser and in jewellery as the category recorded the biggest fall in spending volumes, which were 3.4 per cent lower compared to December and 5.4 per cent lower than a year before. RELATED ARTICLES Previous 1 2 Next Sterling heads back towards 1.35 euros after Greek and... True Religion Jeans Cheap Sale Long winter goes on for savers as Bank of England marks six... UK economic recovery makes 'reassuringly robust' start to... Share this article Share Kevin Jenkins, UK & Ireland managing director of Visa Europe said: a£á?Therea£á?s no evidence of a New Year hangover on overall consumer spending, with a further solid increase in year-on-year spending in True Religion Jeans Cheap Sale January.a£á?Beating the January blues was a key reason for the rise as eating out and early holiday bookings have contributed to a near 10 per cent spending boost in the Hotels, Restaurants and Bars sector.a£á?High Street spending was the main driver in Januarya£á?s overall increase in consumer spending, while online expenditure fell for the fourth month True Religion Jeans Cheap Sale in a row, although it was just a 0.2 per cent decrease. Increase: Household spending was 1.3% higher in January compared to last yearSpending decreased in health and education, recreation and culture but increased in on household goods, according to Markit.Paul Smith, senior economist at Markit, said the data added further to the view that the True Religion Jeans Cheap Sale UK economy continued to expand at a a£á?solid clipa£á?.a£á?With reduced energy and fuel bills set to provide a fillip to consumersa£á? disposable income in the coming months, there seems little reason to suggest that the recent positive trend wona£á?t be maintained in the short-term at least,a£á? Smith said. Beating the January blues: Spending in restaurants, bars True Religion Jeans Cheap Sale and hotels was nearly 10% higher in JanuaryVisa Europe said the data, which is based on spending on all Visa debit, credit and prepaid cards and adjusted for a series of factors including changing consumer preferences, suggest that steady growth momentum has been carried through to the new year.It also said that a£á?the favourable economic conditionsa£á? True Religion Jeans Cheap Sale were likely to support a further increase in expenditure in upcoming months.Low inflation, which fell to 0.5 per cent in December from 1 per cent in November, and wages beginning to increase in real terms as well as rock-bottom interest rates are expected to boost spending further in the coming months.Last month, official figures revealed that True Religion Jeans Cheap Sale the UK's economy grew by 2.6 per cent in 2014. This is the strongest level of growth seen since before the financial crisis.Last year's growth indicates that the UK is likely to have been the world's fastest growing major economy in 2014.But, in the last three months, growth actually slowed more sharply than expected to 0.5 True Religion Jeans Cheap Sale per cent.Last year's growth was also still short of the 3 per cent growth the Office for Budget Responsibility predicted in January as Chancellor George Osborne unveiled his Autumn Statement. .

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