visa consumer spending index news and archive

UK consumer spending growth hits eight-month high

British consumer spending grew at its fastest rate in eight months in January, according to Visa’s consumer spending index, helped by a surge in clothing and footwear sales. Visa’s consumer spending index revealed that consumer spending increased by 2.7 percent on an annual basis in January, the highest growth rate since May 2014, and up from...

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Solid overall spending growth in December

Consumer spending increases solidly in December, up 2.3 percent year-on-year, rounding off 2015 as the second strongest year since 2008, according to research from Visa Europe. Visa’s Consumer Spending Index for December, shows solid overall spending growth in December, with e-commerce winning out over the festive period with a 7.4 percent...