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Latest spending data shows pause in UK economic recovery

Financial Times - 23 July 2020

Separate figures from the Bank of England’s payment system and from card payments collected by Fable Data show a worse picture for spending in mid-July than at the start of the month. Link to the article

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UK economic recovery tracker: what the latest data on activity are signalling

Financial Times -  updated 5 August 2020

The year-on-year fall, measured by Fable Data based on card use across the UK, is no longer anything like close to 40 per cent drop in April, but the most recent data shows spending remains well below that of the same time in 2019. Link to the article

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UK consumer spending down despite reopening of hospitality sector

Financial Times - 10 July 2020

However, despite a “boost” last weekend, “consumers continue to spend considerably less in restaurants bars, pubs and cafés than last year”, according to Avinash Srinivasan, analyst at Fable Data. Link to the article

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Sunak to weigh consumers’ response to easing before completing stimulus plan

Financial Times - 26 June 2020

Suraj Gohil, product director at Fable Data, said: “As the week progressed the increase in both the number of customers and spend [compared to the lockdown period] began to slow as did the average basket size, albeit remaining above lockdown levels.” Link to the article

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English shoppers’ return points to a gradual retail recovery

Financial Times - 18 June 2020

Non-essential retail spending — which was down more than 80 per cent during much of the lockdown — recovered sharply on Monday to just 20 per cent below the levels on the same day last year, according to consultancy Fable Data, which collated information from various sources including credit and debit cards for the FT. Link to the article

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UK’s virus recovery lags behind European peers

Financial Times - 11 June 2020

Fable Data suggest spending levels in both [the UK and Germany] remained subdued in the first week of June at about 20 per cent lower than the same week in 2019. Link to the article

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Consumers’ reluctance to spend puts brake on UK recovery

Financial Times - 5 June 2020

Spending in grocery stores stayed at the high levels enjoyed during the lockdown... but was overtaken in terms of annual spending growth by hardware shops and garden centres. Suraj Gohil, product director at Fable Data, said the sector had enjoyed “a decent pick-up in spend” over the past month.

Link to the article

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Green shoots: Four charts that suggest the worst is over for the UK economy

City A.M. - 4 June 2020

Fable Data shows UK spending increasing in the period up to 24 May.

Link to the article

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In Britain, the Economic Comeback is in the Suburbs

The New York Times - 31 July 2020

London’s recovery is lagging behind the rest of the country, according to analysis from Fable Data, which uses transactions records from credit card companies and banks to track spending patterns. Link to the article

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UK set for record-breaking economic growth in third quarter

Financial Times -  24 August 2020

In the first two weeks of August, consumer spending, including leisure, was about 7 per cent higher than during the same period one year earlier, said Fable Data. Link to the article

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UK economic recovery tracker: what the latest data on activity are signalling

Financial Times -  updated 2 September 2020

Consumer spending, which comprises almost two-thirds of the UK’s gross domestic product, fell sharply in March as it became apparent the UK was heading for a lockdown. But there were some bright signs in August when spending exceeded last year’s level for the first time since the outbreak, according to Fable Data, which tracks card payments across the UK.

Link to the article

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London consumer spending soars during cheap meal scheme

City A.M. - 10 September 2020

Food and beverage spending in London in July was a whopping 39.1 per cent lower than a year earlier, showed figures from Fable Data, which tracks card payments and bank transactions.

Link to the article

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Fear and frustration: Europe's wealthy keep wallets closed

Reuters - 11 September 2020

Card transaction data from analytics firm Fable Data shows UK retail sales rose in August, recovering to just above 2019 levels by the end of the month. Consumers shifted spending from entertainment, leisure and transport towards cars, car maintenance, home improvements and sporting goods.

Link to the article

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Richer London boroughs suffer biggest fall in lockdown spending

City A.M. - 11 September 2020

Some of the richer boroughs – where residents have thriving food scenes on their doorstep and more spare cash – did the best from the Eat Out to Help Out scheme in August, according to card payments and bank transactions tracked by Fable Data.

Link to the article

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