Consumer and SME Economy report
UK and Germany Spend Insight Report 15 – 21 Aug 2022
In this week’s report, spend in the UK was flat 0% versus 2021 (YoY) and up 6% versus 2019 (Yo3Y). Spend in Germany was up 9% YoY and up 13% Yo3Y. UK spend growth momentum is slowing. Retail spend is weaker YoY across all UK regions, as evidenced by Clothing & Apparel and High Street trends. In Germany, Public Transport transaction volumes are lower YoY while Clothing & Apparel spend is keeping pace with last year. Electronics leads retail category declines YoY.