Spring starts early as consumers spend on social time.
As spring approaches indicators suggest that consumers are gaining in confidence, with household
Spring starts early as consumers spend on social time.
The February UK Expenditure Index showed:
- Consumer spending rises 1.2% on an annual basis in February
- Strongest spending increases in Hotels, Restaurants & Bars; Food, Beverages & Tobacco; and Household Goods
- High street spending remains a key driver of overall growth
- Consumer spending rises +1.3% on an annual basis in January
- Strongest increases in Hotels, Restaurants & Bars (+9.7%) and Food & Drink (+4.9%)
- Footwear & Clothing (-3.3%) spending declines for fourth month out of five
- Household expenditure declines slightly on an annual basis (-0.7%)
- Quickest year-on-year reduction in spending on Clothing & Footwear since April 2012 (-6.5%)
- Expenditure on the High Street falls for first time in six months (-0.6%)
- Household expenditure continues to rise solidly on an annual basis (+2.0%)
- Increased spending at Hotels & Restaurants (+9.2%) and on Clothing & Footwear (+5.2%)
- High street sales rise at a solid pace (+2.4%)
- Consumer spending rises at second-fastest year-on-year rate in over four years (+2.4%)
- Strong year-on-year rises at Hotels & Restaurants (+8.1%) and on Household Goods (+4.6%)
- High street sales rise +1.9%, pushing growth into fourth consecutive month
- Fans enjoying the World Cup boost spending at pubs, supermarkets and sports shops
- Food & Drink (+2.7%) and Clothing & Footwear (+2.0%) both register higher volumes of spending
- High street (+1.1%) and online (+2.6%) sales both rise
- Household expenditure rises for eighth successive month on an annual basis (+0.9%)
- Consecutive months of higher spending on Food & Drink (+3.3%) suggest sector may be recovering
- Online spending rises 5.3% year-on-year in May – the highest rise in 5 months
• Year-on-year household spending increased at the strongest rate for four years in April (+2.9%), following a slight increase in March (+0.5%).
• Month-on-month expenditure was unchanged in April (+0.0%), following a strong rise in March (+1.4%).
• Quarterly spending figures signalled that underlying expenditure improved in April (+1.2%), and at a similar rate to that recorded in March (+1.1%).
• Non-seasonally adjusted year-on-year expenditure rose solidly through Online (+4.9%), Face-to-Face (+3.4%) and Mail/Telephone Order (+1.6%) categories in April.
- Year-on-year household spending increased in March (+0.7%), following a slight increase in February (+0.3%).
- Month-on-month expenditure rose solidly in March (+1.6%), following a marginal reduction in February
- Quarterly spending figures signalled that underlying expenditure improved in March (+1.2%), after a slight deterioration in February (-0.5%).
- Non-seasonally adjusted year-on-year expenditure continued to rise solidly through Online spending channels (+4.0%), declined through Mail/Telephone Order categories (-2.2%), and was relatively unchanged in
Face-to-Face categories (+0.1%).
- Year-on-year spending rose slightly in December (+0.6%), following the strongest annual increase for five months in November (+1.5%).
- Quarterly spending figures signalled that underlying expenditure improved slightly in December (+0.1%), following a moderate increase in November (+1.1%).
- Month-on-month consumer spending fell by -2.0% in December, following a slight increase in November (+1.0%).
- Non-seasonally adjusted year-on-year expenditure increased markedly through Online spending channels (+6.8%), and slightly in Mail/Telephone Order categories (+0.3%), while Face-to-Face spending declined moderately (-1.9%).
- Month-on-month consumer spending increased by +1.0% in November, following a modest decline in October (-1.4%).
- Year-on-year spending rose at the second-strongest rate for over three years (+1.5%), following a slight increase in October (+0.5%).
- Quarterly spending figures signalled that underlying expenditure improved at the strongest rate for seven months (+1.1%), following an increase in October (+0.8%).
- Non-seasonally adjusted year-on-year expenditure increased across all three monitored spending channels in November: Face-to-Face (+1.3%), Online (+1.0%) and Mail/Telephone Order (+2.6%).
- Visa Europe predicts that £450 million will be spent online as transactions top 7.7 million, making 2 December the busiest online shopping day ever
- John Lewis has seen mobile orders more than double on a year ago, currently +114%. Within the John Lewis customer base, 42% of online traffic now comes from smartphones and tablet computers
- The IMRG Capgemini e-retail index reveals mobile now accounts for 27% of online spend
- Changing spending patterns suggest that this might be the last 'Mega Monday'
- Month-on-month consumer spending decreased by -1.6% in October, following a modest increase in September (+1.5%).
- Year-on-year spending increased in October (+0.3%), following a moderate decrease in September
- Quarterly spending figures signalled increased expenditure in October (+0.7%), and was the first improvement in underlying expenditure since May.
- Non-seasonally adjusted year-on-year expenditure increased through both Online (+2.9%) and Mail/Telephone Order (+6.4%) spending channels, but decreased in Face-to-Face categories (-1.7%).
- Month-on-month consumer spending increased by +1.5% in September, little-changed from the solid rate of growth recorded in August (+1.6%).
- Displaced consumer spending following the Olympics last year led to a reduction of year-on-year spending in September (-1.2%), following a slight increase in August (+0.8%).
- Quarterly spending figures signalled only a slight reduction in expenditure during September, (-0.1%), as strong expenditure growth in September and August largely offset a weak July.
- Non-seasonally adjusted year-on-year expenditure decreased through both Face-to-Face (-2.3%) and Online (-0.6%) spending channels in September, but increased slightly in Mail/Telephone Order categories (+0.3%).
• International spend generates almost a fifth of £100bn spent with Visa online at UK merchants in the year to August 2013
• Online payments now account for £1 in every £4 spent with Visa at UK merchants
- Month-on-month consumer spending increased in August (+1.6%), following a reduction of -2.4% in July. Quickest monthly increase in household expenditure since last September.
- Year-on-year spending also increased in August (+0.8%), following a slight reduction in July (-0.1%).
- However, quarterly spending figures signalled a reduced amount of consumer spending in August (-0.5%), following a difficult July.
- Year-on-year expenditure increased across all three monitored spending channels in August: Face-to-Face +1.0%, Online +1.1% and Mail/Telephone Order categories +3.9%.
- Month-on-month consumer spending increases for the second successive month in June (+1.1%), up from +0.7% in May.
- Year-on-year spending increases for the fourth consecutive month in June: growth of +2.1%, up from +1.5% in May, and the strongest annual increase since October 2010.
- Depressed spending in April has a drag effect on the quarterly spending figures which registers at -0.5% in June.
- Consumer spending strengthens across all three expenditure channels, with a strong increase recorded in online annual spending (+2.1%).
The latest report into consumer spending from Visa Europe has shown a dip in consumer expenditure, leaving the economic outlook 'uncertain'.