Consumer and SME Economy report
UK and Germany Spend Insight Report 05 – 11 Sep 2022
In this week’s report, spend in the UK was down 1% versus 2021 (YoY) and up 7% versus 2019 (Yo3Y). Spend in Germany was up 11% YoY and up 17% Yo3Y. In the UK, Airline spend momentum is slowing following the summer peak. Fuel and Public Transport spend is up but High Street spend remains lower YoY despite improving activity. In Germany, the end of state-subsidised Public Transport has seen spend increase while High Street spend remains broadly in line with last year. Travel & Tourism spend is up YoY but growth rates are slowing.