Consumer and SME Economy report

UK and Germany Spend Insight Report 17 – 23 Oct 2022

In this week’s report, spend in the UK was up 1% versus 2021 (YoY) and up 7% versus 2019 (Yo3Y). Spend in Germany was up 3% YoY and up 15% Yo3Y. In the UK, Travel spend growth has been offset by lower goods related spend. Grocery basket sizes edge higher while Beer & Wine spend is weaker YoY. In Germany, Grocery spend is tracking higher YoY supported by increased transaction volumes and basket sizes. Fuel transaction sizes remain elevated while Food and Beverage spend continues to be higher YoY.

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