U.S. consumer spending rose solidly in January and underlying inflation picked up by the most in four years. Despite lowered economic forecasts, the Federal Reserve’s interest rate increase remains on the table this year.
Excluding energy and food, inflation grew at a healthy 2.2%, while increases in health care and retail gave positive leverage signs.
U.K. consumer spending grew in January at its fastest rate in eight months, according to figures from payment card company Visa Europe (V). Seasonally adjusted consumer spending rose by 2.7% year-on-year, the fastest rate since May 2015 and up from 2.2% in December.
European healthcare is improving with survival rates of heart disease, stroke, and cancer are all increasing. This is evident from the performance of 2015 Euro Health Consumer Index (EHCI), first started in 2005 by the Health Consumer Powerhouse Ltd in Sweden.