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UK card spending slowed last week, ONS says

By:
Reuters
Updated: May 19, 2022, 10:07 UTC

LONDON (Reuters) - British consumer spending on credit and debit cards slowed last week after a rebound the previous week when a public holiday boosted spending, while restaurant reservations also fell, the Office for National Statistics said on Thursday.

UK card spending slowed last week, ONS says

LONDON (Reuters) – British consumer spending on credit and debit cards slowed last week after a rebound the previous week when a public holiday boosted spending, while restaurant reservations also fell, the Office for National Statistics said on Thursday.

Card spending in the week to May 12 fell to 104% of its pre-pandemic February 2020 average level, the ONS said, down 6 percentage points from the previous week.

The card spending figures are neither seasonally nor inflation adjusted. Adjusting for inflation, card spending last week was around 94% of its February 2020 average, according to a Reuters calculation.

(Reporting by Andy Bruce; editing by David Milliken)

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