UK consumer spending falls sharply in Christmas week
Reuters
Published Jan 06, 2022 04:53AM ET
LONDON (Reuters) - British consumer spending on credit and debit cards fell sharply in the week to Dec. 30, which covered the Christmas holiday period, according to non-seasonally adjusted figures released by the Office for National Statistics on Thursday.
Card spending dropped by 40 percentage points from the previous week to 86% of its average level in February 2020, before the COVID-19 pandemic.
"This fall appears broadly consistent with a seasonal effect," the ONS said.
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Written By: Reuters
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