Consumer spending grew 2.2% year-on-year in February, propped up by digital subscriptions and takeaways, as Brits stayed home to avoid bad weather, according to Barclaycard. Data from the payments business reveals that spending on essential items rose by 1.6%. This increase was bolstered by supermarket and fuel expenditure, which grew …
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Total retail sales fell by 1.3% in September against an increase of 0.7% in September 2018, according to the latest figures from the British Retail Consortium (BRC)-KPMG Retail Sales Monitor. The BRC said this is below the 3-month average decline of 0.4% and the 12-month average growth of 0.2%: a …
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Consumer spending grew by 1.7 per cent year-on-year in July – representing a decline in real terms when accounting for inflation – following similarly muted figures in May and June, according to Barclaycard. Data from the global payment business, which claims to process nearly half of the nation’s credit and …
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Consumer spend fell for the third month in a row in July, according to the latest figures from technology and payments business Visa. The drop represents the first time overall spending has declined for three consecutive months since February 2013. Visa UK & Ireland managing director Kevin Jenkins commented: “The …
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