Consumer spending grew by 0.2% year on year in August, the first rise since February this year, according to Barclays UK Consumer Spend Report. The report looks into giving you a unique and up to date picture of the nation’s spending habits based on the actual transactions, bringing it to life so you can take action and shape your strategy.
Other highlights of the report, included:
- The 0.2% year-on-year growth in overall consumer spending reflects a much more positive picture for retail.
- Non-essential spending saw its smallest fall since the lockdown began, with a 1.6% drop year-on-year compared to a 4.7% fall in July.
- Essential spending rose by 5.1% year-on-year, largely driven by stronger growth in grocery purchasing.
- Online spending increased by 10.6% year-on-year and continues to claim a higher share of spend in most categories than before lockdown.