Cardnet launches new quarterly market study
In the first half of 2017 we have seen the consumer economy tighten, inflation has grown and wage growth has slowed, producing a squeeze in consumer’s disposable spending.
Month on month retail sales growth has slowed and this is a reflection of the falling pound where retailers had to pass some of the cost rises on to consumers.
The Cardnet Barometer was created to provide you, our customer, with insightful data on retail spending and includes a study on end consumer behaviour within the retail space.
The data included in this report comprises transactional data from Personal Current Accounts (PCAs) and Credit Cards from Brands including: Lloyds Bank, Halifax and Bank of Scotland*.
The brand’s footprint in these markets is substantial, it accounts for approximately one in four PCAs in the UK plus over 7 million credit card holders. This consumer base provides a unique opportunity to understand trends in UK consumer spending habits.
*Lloyds Bank, Halifax and Bank of Scotland are part of the Lloyds Banking Group.