UK consumer card spending fell by 0.8 per cent YoY in October—a slight drop from September, Barclays said.
Essential spend fell by 2.5 per cent for the sixth month in a row, while growth in discretionary spending was flat.
In October, all metrics of consumer and economic confidence tracked by Barclays fell for the first time since August 2022.
Forty-one per cent are adjusting finances before budget.
Essential spend fell by 2.5 per cent for the sixth month in a row, while growth in discretionary spending was flat.
In October, all metrics of consumer and economic confidence tracked by Barclays fell for the first time since August 2022.
Forty-one per cent are adjusting finances before budget.
