News and Press
Read how the global media are using Fable’s Award-winning data
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Fixing test and trace is the only way to avoid economic catastrophe
According to the Fable data, based on 180,000 transactions, spending in Leicester was already 31pc down compared to its pre-virus level, at around £750,000 a day. But while the lockdown cut Covid-19 cases from 20 per 100,000 to fewer than five per 100,000 inhabitants, it did so without any further significant decline in credit card…
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Recovery in UK consumer confidence threatened by rising infections
In the week ending September 20, UK consumer spending contracted on an annual basis for the first time. “After six weeks of positive year-on-year spend, UK spend was down 1.32 per cent this week,” said Avinash Srinivasan, equity analyst at Fable Data.
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Fear and frustration: Europe’s wealthy keep wallets closed
Card transaction data from analytics firm Fable Data shows UK retail sales rose in August, recovering to just above 2019 levels by the end of the month. Consumers shifted spending from entertainment, leisure and transport towards cars, car maintenance, home improvements and sporting goods.