Barclays: UK card spending rises 2.1% in August as travel outlays rebound - BCS News | RalliesBarclays: UK card spending rises 2.1% in August as travel outlays rebound
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BCS• UK card spending rises in August
- Barclays consumer spend analysis showed UK card spending rose 2.1% year-on-year in August, a 13-month high.
- Growth trailed CPIH inflation of 3.1%, pointing to weaker real-terms momentum despite improved household finance confidence.
- Travel spending returned to growth, up 3.1%, ending five straight months of declines; airlines rose 3.5%.
- Hospitality and leisure spending increased 3.3%; entertainment climbed 5.9%, supporting discretionary demand late in the summer.
- Consumer caution persisted, with 84% concerned about rising prices, reinforcing sensitivity to pricing tactics such as drip pricing.
