With consumer spending approaching six-year lows on the UK high street, small and medium-sized retailers are responding to macroeconomic pressure in the UK by expanding internationally, according to the latest Global Trade Barometer (GTB) from WorldFirst, the international payments expert.
Consumer spending increased 3.4 per cent year-on-year in April, recovering slightly from a slowdown in March (2.0 per cent), as Brits shifted their priorities from the previous month to help give spending on ‘nice-to-haves’ a boost.
Consumer spending growth softened to 2.9 per cent year-on-year in August – below the 2017 average of 3.8 per cent – as Brits managed ‘the squeeze’ of higher inflation and subdued wage growth by shuffling their purchasing priorities. August’s figure was
Consumer spending grew by 3.5% year-on-year in July, the highest figure since April, as the cost of everyday groceries continued to push up spending in supermarkets. Shoppers reported another month of ‘feeling the squeeze’ of higher inflation and subdued wage
Consumer spending grew 5.5% in April as inflation drives up cost of everyday essentials, Barclaycard reports
Consumer spending rose 5.5% year-on-year in April driven by inflation on essentials and a later Easter in 2017 Essential item expenditure grew 11.4%, partially due to an ‘Easter bounce’ in supermarket spending (10.3%) and another strong month for petrol (14.7%) Although meals
Economic and political uncertainty leads to year of two halves for consumer spending, Barclaycard reports
Consumer spending shifted in response to the changing economic and political environment, resulting in a year of two halves, according to the annual analysis of UK consumer spending by Barclaycard, which processes nearly half of all credit and debit card
Visa's UK Consumer Spending Index, which has been launched today, has signalled robust growth in household expenditure at the start of the fourth quarter. On an annual basis, spending rose +2.5%, up from +2.3% in September and the strongest rate
Consumer spending growth slowed slightly to 2.6% in July, despite Brits continuing to spend in restaurants, pubs and cinemas, as overall confidence cooled in response to economic and political uncertainty. The July spending figure was a dip after two months of
UK consumer spending showed resilience in July, according to Visa’s latest UK Consumer Spending Index. It shows consumer spending has risen +1.6% year-on-year in July, an improvement over May (+0.8%) and June (+0.9%), but still lower than the average growth
Consumer spending slows amid economic and political uncertainty, Visa’s Consumer Spending Index for May shows
Consumer spending has slowed amid economic and political uncertainty, according to Visa’s Consumer Spending Index for May. Compiled by Markit, it found the slowest increase in consumer spending since February 2014 (+0.8% on the year). Transportation and communications dropped -5.2% year-on-year,
Consumer spending rebounded in May after two months of weak growth, rising 3.6% as the arrival of spring weather, and the bank holiday, boosted spending on the home, clothes and entertainment. The uplift is a marked change on the weak numbers
Growth in consumer spending slows as confidence fades in face of economic uncertainty, reports Barclaycard
Consumer spending grew by 3.3% in February, the second consecutive monthly slowdown since year-on-year growth reached a peak of 4.0% in December 2015, as shoppers started to show signs of more cautious behaviour in response to an uncertain economic outlook. The
Martin Summerscales, head of retail consultancy, CBRE, says the battle for retail spend is moving from the high street to out-of-town retail parks Out-of-town retail parks have become an essential ingredient in the UK economy. The sector provides employment for a
Shoppers splash out in January sales but economic uncertainty hits consumer confidence, Barclaycard reports
Consumers have been treating the January blues with a strong dose of retail therapy, increasing their spending in all major categories from clothing to household goods. Recent negative news about the global, European and UK economies has led to a
Consumers plan lifestyle upgrades and big buys in 2016 as confidence remains buoyant, Barclaycard reports
Consumers are starting 2016 with a spring in their step, with new research from Barclaycard revealing continued confidence in their own financial health. The latest research, which takes an in-depth look at the country’s spending patterns and confidence levels, found that
Consumer spending grew 3.9% in the year to the end of November, as negligible inflation combined with higher employment and the highest wage growth in six years to give British households greater disposable income.
Predictions of slower momentum in Black Friday sales have been confirmed as MasterCard SpendingPulse data shows that growth of UK retail sales for the day dropped from 23.6% in 2014 to just 8.7% this year.
Increase in consumer spending in September is driven by leisure and entertainment activities, Visa reports
Consumer spending continues to rise at a steady rate of +1.8% year-on-year with the Recreation & Culture and Clothing & Footwear sectors among the best performers, according to Visa’s Expenditure Index for September. The Index, which reflects overall consumer spending, not just
Consumer spending growth hit 4.6% in July year-on-year, but it was a month of two halves thanks to the weather, according to the latest analysis of UK consumer spending by Barclaycard. High temperatures at the start of the month brought
The latest spend report from Barclaycard reveals that consumer spending climbed 3.8% in the first quarter of 2015, compared with the same period last year. Non-essential but nice-to-have experiences and items have seen the most significant uplift with spending on
Consumer spending hit a seven-month high in February as higher wage growth, falling inflation and lower petrol costs gave consumers more money to spend on leisure, travel and restaurants. Barclaycard’s monthly consumer spending index shows that, following a slight dip
A new research report examining changing shopper behaviour and spending plans has been launched today by Shoppercentric, a leading independent shopper research agency. The report, entitled: “WindowOn…Spending habits” surveyed more than 1,000 UK shoppers aged 18+ and reveals that changes
Cautiously optimistic consumers increase spending but concerns around cost of living remain, reports Barclaycard
A more positive feeling amongst cautiously optimistic consumers about their financial situation is driving a moderate recovery in spending, according to the first Barclaycard ‘Where’s Britain Spending?’ quarterly report. Growth in spending of 4.2% in the third quarter of the year
Consumer spend at the UK’s leading supermarkets during the four weeks ending 13 September 2014 was down -1.6% versus the same period a year ago – according to the latest data from global information and insights company Nielsen. Sales volume dropped -1.9%. “Despite
Footfall in August was 1.1% down on a year ago, down on the 0.6% fall in July and below the three-month average of a 0.8% decline, according to he August BRC-Springboard Footfall Monitor. Out-of-town reported the only rise, 2.9% higher