Consumer spend sees sharpest decline since May 2020 as lockdown 3.0 takes hold
By John Glenday-09 February 2021 00:01am Spending on non-essentials has slumped to 24.2% Consumer spending has suffered its largest drop since May 2020, slumping 16.3% in January due to a national lockdown that badly hit retail, hospitality and travel. On the bright side, data compiled by Barclaycard shows that spending on essential items such as groceries rose 3.9%, bolstered by a 17% rise in overall supermarket expenditure, with online supermarket spend surging 126.8% on the back of a home delivery boom. Consumer spend on non-essentials plummets Discretionary spending nosedi...
Source: thedrum.com