Consumer spending softens in December despite Q4 growth
Consumer spending rose 4% in December, dropping below the Q4 average of 4.8%, suggesting shoppers have started to rein in spending amid concerns over the wider economic picture moving into 2017.
Consumer spending softens in December despite Q4 growth hitting a four-year high
Consumer spending rose 4.0 per cent in December, suggesting shoppers have started to rein in spending amid concerns over the wider economic picture moving into 2017.
Retailers set for a subdued Christmas sales period as fewer consumers plan to bag a bargain
The traditional Boxing Day sales may be on the wane in 2016, as more retailers slash prices on Black Friday and in to early December.
Economic and political uncertainty results in a year of two halves for consumer spending
Consumer spending shifted in response to the changing economic and political environment, resulting in a year of two halves.
Contactless spending increases 166 per cent in 2016
Our contactless Spending Index shows that ‘touch and go’ payments have rocketed in the last 12 months, with year-on-year spending up 166 per cent*.
Pay @ Pump: Barclaycard launches world’s first contactless beer pump
The world’s first contactless, self-serve beer pump, “Pay @ Pump” helps bars and pub reduce queuing time for customers buying drinks during busy periods like Christmas.
Technology becomes the stocking filler of choice for many Brits this Christmas
Expensive technology is contributing to a rise in the value of the average Christmas stocking easing out traditional satsumas as the go-to stocking fillers.
Stressed shoppers urge retailers to help ease festive frustrations
Stressed shoppers are appealing to retailers to urgently enhance the shopping experience in the busy festive period or risk losing out on sales both now and in the future.
Record spending on essential items drives 5.1 per cent increase in consumer spending
Consumer spending grew 5.1 per cent in November as consumers spent more on the forecourt and in supermarkets than the same month last year.
High-street struggles to meet demand of time-poor and tech-savvy shoppers
Frustrated consumers are turning their backs on the high street. As a result, retailers are facing growing pressure to improve their in-store experience, or risk losing out on sales.