Consumer and SME Economy report
UK and Germany Spend Insight Report 24 – 30 Oct 2022
In this week’s report, spend in the UK was flat 0% versus 2021 (YoY) and up 9% versus 2019 (Yo3Y). Spend in Germany was up 7% YoY and up 16% Yo3Y. In the UK, Travel related spend remains above last year but growth has slowed through 2022. Retail categories continue to decline, Hardware Stores & Garden Centres have both lower volumes and basket sizes YoY. In Germany, Airline spend is tracking lower YoY while Hotels and Travel & Tourism grow. In contrast to the UK, Hardware Stores & Garden Centre spend is still showing YoY growth.