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Categories: data & insights

  • Christmas spending expected to fall for first time in half a decade

    Christmas spending expected to fall for first time in half a decade

    ​Consumers plan to make the most of Black Friday promotions, but spend over the whole festive season is predicted to be lower than last year E-commerce set to take record share of Christmas spending, while the high street likely to face a challenging festive period

  • Decline in consumer spending during September points to continued weakness in UK economy

    Decline in consumer spending during September points to continued weakness in UK economy

    - Household expenditure declines -0.3% on the year, the fourth month in the last five to see a decline - Recreation & Culture (-1.3%) suffers biggest decline since July 2013 - High street continues to suffer as face-to-face spending declines -3.2% - Lower spending across Transport & Communication (-6.4%) and Household Goods (-2.6%)

  • UK Consumer spending on course for weakest year since 2013 despite modest August uptick

    UK Consumer spending on course for weakest year since 2013 despite modest August uptick

    - Consumer spending rises for first time since April (+0.3% year-on-year) - Growth driven by higher E-commerce expenditure (+6.5% on the year), as Face-to-Face continues to decline (-2.6%) - With average growth of 0.2% each month this year, consumer spending is on track for its weakest calendar year of growth since 2013

  • Consumer spend falls for the third month in a row

    Consumer spend falls for the third month in a row

    • Consumer spending falls by -0.8% on an annual basis, following declines in May and June • Transport & Communication (-6.1%) and Clothing & Footwear (-5.2%) see most marked reductions in spend • Face-to-Face expenditure falls at quicker pace (-3.7% on the year), while E-commerce spend increases by +3.6%

  • Consumer Spending Falls For First Time In Nearly Four Years

    Consumer Spending Falls For First Time In Nearly Four Years

    • First fall in household expenditure since 2013 (-0.8% on the year) • Face-to-face spending declines notably (-5.3%), while e-commerce rebounds (+6.9%) after weak April (-0.3%) • Clothing & Footwear (-5.2%) and Household Goods (-4.1%) among the weakest performing sectors in May

  • Sharper slowdown in consumer spending during April

    Sharper slowdown in consumer spending during April

    • Consumer spending rises at the weakest pace for three months in April (+0.5% year-on-year) • Renewed increase in face-to-face spend (+0.3%) contrasts with slight dip in e-commerce (-0.1%) • Food & Drink categories see best growth for three years (+5.9%), while Clothing & Footwear records first increase in expenditure for five months (+2.3%)

  • Consumer spending growth slowed to a five month low in January

    Consumer spending growth slowed to a five month low in January

    Consumer expenditure growth weakens to +0.4% year-on-year in January, from +2.5% in December Face-to-face spending declines at quickest rate in four years (-3.1%), while e-commerce continues to rise (+4.1%) Hotels, Restaurants & Bars (+5.7%) and Recreation & Culture (+3.1%) are top performing sectors Clothing & Footwear sees biggest drop in spend since April 2012 (-3.8%)

  • Millennials want modern careers that turn passions into pay cheques

    Millennials want modern careers that turn passions into pay cheques

    - Cryptocurrency regulator, 3D printing technician and gig economy manager are predictions for future jobs - 52% of millennials expect to switch careers multiple times during their lifetimes - 62% will prioritise a career that aligns with their passions and interests

  • Cash is a Ghost of Christmas Past

    Cash is a Ghost of Christmas Past

    • More than £2bn spent on Visa cards during Black Friday • Online Visa spend in week leading up to Black Friday up 13% year-on-year with almost £1bn spent on Black Friday, alone • Contactless and mobile technology are driving new shopping habits in the run-up to Christmas

  • New European plans threaten disruption and inconvenience for UK’s online shoppers

    New European plans threaten disruption and inconvenience for UK’s online shoppers

    • Plans requiring additional checkout steps means more declined transactions and longer and more complicated checkout experiences • 52% of UK shoppers say increased online checkout steps will cause them to abandon purchases • Changes mean no more express checkouts or quick in-app payments from mobiles, reduced access to non-European online shopping sites, and longer queues

  • Consumer spending bounces back strongly in September

    Consumer spending bounces back strongly in September

    • Consumer spending increases +2.4% year-on-year in September, having been broadly flat in August (+0.1%) • Spending via e-commerce increases solidly (+6.0% on the year), while face-to-face expenditure saw a minimal increase (+0.1%) • Recreation & Culture (+6.8%) and Hotels, Restaurants & Bars (+6.0%) are best performing sectors

  • Brits Trust Banks to Deliver Biometric Future

    Brits Trust Banks to Deliver Biometric Future

    • 85% of Britons say banks are the most trusted institution in the provision of biometric authentication payment services • Britons are twice as likely to trust banks as government agencies to store their biometric information (60% vs 33%)

  •  Household spending sees slowest growth in almost three years

    Household spending sees slowest growth in almost three years

    Headline findings: • Expenditure growth slows since July, rising by just +0.1% on the year • Hotels, Bars & Restaurants (+4.3%) and Recreation & Culture (+2.0%) both see slower increases in spend • Clothing & Footwear sees renewed fall in expenditure (-2.6%) • Reduced spending in face-to-face categories (-2.8%) is offset by further growth in e-commerce (+3.2%)

  • UK consumer spending showed resilience in July

    UK consumer spending showed resilience in July

    -Consumer spending rises +1.6% year-on-year in July, an improvement over May (+0.8%) and June (+0.9%), but still lower than the average growth rate in the past 2 years (+2.4%) -Hotels, Restaurants & Bars is strongest performing sector (+8.9%) -Transport & Communication records a further drop in spending (-3.8%)

  • June rounds off weakest quarterly growth in two years, with the full impact of the Referendum result yet to be felt

    June rounds off weakest quarterly growth in two years, with the full impact of the Referendum result yet to be felt

    Growth in consumer spending holds close to May’s 27-month low (+0.9% year-on-year) Transport & Communications which include flight bookings and car purchases dropped -4.2% Slowest increase in spending at Hotels, Bars & Restaurants since January 2013 (+3.3%) E-commerce spending rises at a faster pace (+4.6%), while face-to-face expenditure falls for the second month in a row (-1.3%)

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