Consumer and SME Economy report
UK and Germany Spend Insight Report 08 – 14 Aug 2022
In this week’s report, spend in the UK was up 2% versus 2021 (YoY) and up 8% versus 2019 (Yo3Y). Spend in Germany was up 7% YoY and up 15% Yo3Y. UK YoY growth has slowed, Food & Beverage spend is in line with last year and is no longer a driver of broader growth. In Germany, Food & Beverage spend continues to be a strong contributor to YoY growth, while lower online and retail spend is offsetting growth.