Consumer and SME Economy report
UK and Germany Spend Insight Report 31 Oct – 06 Nov 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 6% YoY and up 7% Yo3Y. In the UK, many retail goods categories are down YoY, with Clothing & Apparel seeing the largest decline while Fast Food spend is tracking slightly ahead of this time last year. In Germany, retail trends are more mixed, with consistent spend declines being seen in the Clothing & Apparel, Home Furnishings and General Merchandise categories. Fast Food spend is showing strong YoY growth.