Spending down across all sectors in mid-August, ONS says
2 years, 4 months ago

Spending down across all sectors in mid-August, ONS says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Consumers spent less over the past week in a sign that households are feeling the effects of rising prices and cutting back on non-essential purchases. Spending on credit and debit cards fell by four percentage points in the week to August 18 compared to the previous week, according to data from the Office of National Statistics. Additional data from digital bank Revolut also showed that spending across all sectors was down last week – with food, drink and entertainment purchases all dropping by seven percentage points.

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History of this topic

Fears of rising energy bills and a costly Christmas lead consumers to cut back
1 year, 1 month ago

Fears of rising energy bills and a costly Christmas lead consumers to cut back

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Fears of rising energy bills and a particularly expensive Christmas …

Britons cut back on groceries but spend more on TV subscriptions, figures show
1 year, 8 months ago

Britons cut back on groceries but spend more on TV subscriptions, figures show

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

US consumer spending and incomes fall, but rebound is expected
3 years, 8 months ago

US consumer spending and incomes fall, but rebound is expected

Al Jazeera  

Both consumer spending and personal incomes are expected to rebound in March as Americans receive stimulus cheques. Consumers’ spending and personal incomes both fell sharply in February as severe winter storms disrupted shopping in many parts of the United States and as the government wrapped up distribution of $600 relief payments. Consumer spending fell one percent last month, the Commerce …

Consumer spending gains slow to 1% in August
4 years, 2 months ago

Consumer spending gains slow to 1% in August

Associated Press  

WASHINGTON — U.S. consumer spending slowed in August and personal income fell as a $600 weekly benefit for Americans who are unemployed during the pandemic expired. The Commerce Department reported Thursday that spending grew by just 1%, the weakest growth since spending fell 12.7% in April when rapidly spreading COVID-19 infections shut down large parts of the economy. “Unless employment …

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