News

3 items found

23 Nov 2021

Brits back in black: Black Friday predicted to be biggest ever day of spending as normal service resumes

  • Black Friday spending forecast to be 32% higher than pre-pandemic peak following 2020 dip 
  • Nationwide members predicted to spend more than £251,000 per minute on Black Friday 
  • 5pm to 12am the most popular time to make purchases on Black Friday 
  • Research shows 36% worry about Xmas and 26% expect to be in more debt next year 
  • People willing to pay more for items if they are made and delivered sustainably 
  • LIVE DATA: CONSUMER SPENDING DATA TO BE AVAILABLE FOR MEDIA ON BLACK FRIDAY  

02 Nov 2021

Growth of consumer spending slows in third quarter of 2021 as people settle into rhythm

  • Nationwide’s Spending Report analyses 620m payments, with transactions rising 10% between Q2 and Q3
  • Modest three per cent increase in total spend; down on previous quarterly rise of 14% as spending stabilises
  • Essentials: Data shows a 4 per cent rise in household spend - transport, fuel, debt and utilities spend up
  • Non-essentials: 12 per cent rise in discretionary spend - leisure, holiday, food & drink and fashion up
  • Research reveals rising cost of living impacts financial wellbeing – 74% worried; with credit usage rising
  • Contactless card payments jump by 14 per cent and mobile payments up by more than a third (34%)

22 Jul 2021

Easing of restrictions sees loosening of purse strings as Brits begin to return to spending ways

  • Nationwide’s Spending Report shows total number of transactions made in Q2 up 20% on Q1
  • Non-essential spending up 60%, boosted by holidays, eating/drinking out, gardening & leisure
  • £133.7 million spent on charities between April and June – 16% up on the first 3 months of 2021
  • Contactless boom continues: mobile payments up 70% on the first quarter of the year
  • Travelling again: spend on taxis above pre-pandemic levels; public transport spend still down

3 items found