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High street spending up but clothing struggles

A sharp increase in high street spending was not enough to stop clothing retailers reporting a drop in sales during May.

Consumer spending was 3.2% higher than the same month last year, its fastest annual rise in over a year, according to figures released today by Visa

However, the clothing and footwear sector reported a 1.8% decline, following on from a 1.7% drop in April.

Visa Europe managing director Kevin Jenkins said: “Clothing retailers struggled to reverse the downward trend we’ve seen since November 2014, although spending dropped at a much lower rate in May than in April.

“With more money in their pocket and a spring in their step, consumers look set to continue their spending momentum into the second half of the year,” he added.

As a whole the high street lagged behind hotels, restaurants and bars, up 10.3%, and recreation and culture buys, up 3.9%.

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