Consumer and SME Economy report

UK and Germany Spend Insight Report 22 – 28 Aug 2022

In this week’s report, spend in the UK was flat 0% versus 2021 (YoY) and up 10% versus 2019 (Yo3Y). Spend in Germany was up 9% YoY and up 24% Yo3Y. In the UK, Food & Beverage and Grocery spend is tracking in line with last year while Travel spend is beginning to tail off as the summer period ends. In Germany, Food & Beverage and Fast Food spend growth remains strong, Public Transport spend has improved and Retail goods spend declines appear to be accelerating.