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Black Friday failed to lift consumer spending in November

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Black Friday failed to lift consumer spending in November

Headline findings: - Household expenditure falls by -0.9% on the year after -2.1% drop in October - Face-to-Face spend continues to decline (-3.5%), as Black Friday spend moved further online, up +2.4% - Majority of sectors record lower expenditure, with Transport & Communication being the worst hit (-6.0%) - Miscellaneous Goods & Services remains a bright spot, up +4.9%
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  • Black Friday failed to lift consumer spending in November

    Black Friday failed to lift consumer spending in November

    Headline findings: - Household expenditure falls by -0.9% on the year after -2.1% drop in October - Face-to-Face spend continues to decline (-3.5%), as Black Friday spend moved further online, up +2.4% - Majority of sectors record lower expenditure, with Transport & Communication being the worst hit (-6.0%) - Miscellaneous Goods & Services remains a bright spot, up +4.9%