Barclaycard: consumer spending fell 7.1% in 2020 amidst a year of restrictions, yet lifestyle changes and shifting consumer habits led to growth for some sectors

Barclaycard: consumer spending fell 7.1% in 2020 amidst a year of restrictions, yet lifestyle changes and shifting consumer habits led to growth for some sectors

Consumer spending declined 7.1% year-on-year in 2020 – as coronavirus restrictions impacted many sectors, with high-street retailers and hospitality hardest hit. Yet there were some bright spots as changing consumer behaviours spurred e-commerce growth, while the rise of the ‘insperience