Consumer and SME Economy report
UK and Germany Spend Insight Report 07 – 13 Nov 2022
In this week’s report, spend in the UK was up 2% versus 2021 (YoY) and up 13% versus 2019 (Yo3Y). Spend in Germany was up 6% YoY and up 13% Yo3Y. In the UK, Online Retail and High St spend is down YoY. Spend declines are also noticeable across Department and Health & Beauty stores. Growth in service-driven categories such as Entertainment & Leisure is slightly offsetting overall declines. In Germany, Retail spend declines are not as pronounced. Health & Beauty and Department Stores are tracking broadly in line with last year, while Online Retail and High St spend declines are more modest.