Consumer and SME Economy report

UK and Germany Spend Insight Report 19 – 25 Sep 2022

In this week’s report, spend in the UK was down 8% versus 2021 (YoY) and flat 0% versus 2019 (Yo3Y). Spend in Germany was up 4% YoY and up 11% Yo3Y. In the UK, YoY growth has slowed in recent weeks, particularly in sectors which experienced tailwinds during last year’s reopening period (e.g. Airlines, Travel & Tourism). In Germany, YoY growth is at the lowest levels since June. Airline spend is currently in line with last year while Food & Beverage spend growth YoY has slowed.