consumer spending

Contactless spend increases by 30% since new £100 limit was introduced

17th March 2022 Consumer Lending | #consumer spending

UK Finance’s latest card spending data shows the average amount spent per contactless card transaction rose by almost 30 per cent following the contactless limit increase to £100 in October 2021. In September 2021, when the contactless limit was £45, the average spend per contactless payment was £11.86, this increased to £15.30 in December. The…

Card spending in January up 27% compared to 2020

25th January 2022 Consumer Lending | #consumer spending

Retail debit card spending soared 27% in the first two weeks of January compared to 2020, months before the pandemic hit, according to latest data from Lloyds Bank. The research found that 42% more was spent at restaurants and bars, whilst high-street stores, such as clothing outlets (34%), electrical goods stores (27%) and department stores…

Consumer card spending grew 12.2% per cent in December

11th January 2022 Consumer Lending | #consumer spending

Consumer card spending increased 12.2 per cent in December compared to the same period in 2019, as Brits finished their final preparations for Christmas. However, the impact of restrictions and fears over the Omicron variant began to take effect across the retail, hospitality and leisure sectors. Data from Barclaycard, which sees nearly half of the…

October sees second consecutive month of a fall in spending

17th December 2021 Arrears and Recoveries | #consumer spending

New FICO data has suggested that the tide might be turning on consumer finances with average card spend falling and early missed payment rates rising as furloughs finish FICO says that though its, analysis of UK card trends for October 2021, says that it appears that with the first signs that lockdown savings — which…

Fuel and household energy spend rise by a fifth in two weeks

14th October 2021 Consumer Collections | #consumer spending

New analysis of data by Lloyds Bank has found that its customers spent a fifth more on household energy (24%) and fuel (20%) in the last fortnight, compared to the two weeks before. Fuel spend peaked on 24th September (the day after one of the biggest UK petrol station operators said a number of its forecourts…

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