Consumer and SME Economy report
UK and Germany Spend Insight Report 10 – 16 Oct 2022
In this week’s report, spend in the UK was up 2% versus 2021 (YoY) and up 9% versus 2019 (Yo3Y). Spend in Germany was up 2% YoY and up 14% Yo3Y. In the UK, lower spend growth across retail is being offset by Travel and Transport category growth. While spend is higher across Travel and Transport it largely reflects higher prices rather than increasing demand. In Germany, Food & Beverage continues to see consistent growth, particularly in Restaurants. Travel spend across Airlines and Car Rental is tracking broadly in line with last year, while Clothing & Apparel spend growth has dropped further.