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Sharper slowdown in consumer spending during April

• Consumer spending rises at the weakest pace for three months in April (+0.5% year-on-year) • Renewed increase in face-to-face spend (+0.3%) contrasts with slight dip in e-commerce (-0.1%) • Food & Drink categories see best growth for three years (+5.9%), while Clothing & Footwear records first increase in expenditure for five months (+2.3%)

Sharper slowdown in consumer spending during April

• Consumer spending rises at the weakest pace for three months in April (+0.5% year-on-year) • Renewed increase in face-to-face spend (+0.3%) contrasts with slight dip in e-commerce (-0.1%) • Food & Drink categories see best growth for three years (+5.9%), while Clothing & Footwear records first increase in expenditure for five months (+2.3%)

March rounds off weakest quarter for spending growth since Q4 2013

• Household expenditure increases by +1.0% on the year, down from +1.3% in February • Average annual growth rate falls to +0.9% in Q1, down from +2.7% in Q4 2016 • Spending through e-commerce continues to drive growth (+8.2%); face-to-face expenditure however declines for third month running (-1.3%)

March rounds off weakest quarter for spending growth since Q4 2013

• Household expenditure increases by +1.0% on the year, down from +1.3% in February • Average annual growth rate falls to +0.9% in Q1, down from +2.7% in Q4 2016 • Spending through e-commerce continues to drive growth (+8.2%); face-to-face expenditure however declines for third month running (-1.3%)

February consumer spending picked up in momentum

• Spending rises +1.5% on the year in February, up from +0.4% in January • Expenditure through e-commerce channels continues to increase (+3.2%), while face-to-face spending falls again (-3.0%) • Recreation & Culture (+3.3%) and Hotels, Restaurants & Bars (+1.2%) see further increases in spend on an annual basis

Consumer spending growth slowed to a five month low in January

• Consumer expenditure growth weakens to +0.4% year-on-year in January, from +2.5% in December • Face-to-face spending declines at quickest rate in four years (-3.1%), while e-commerce continues to rise (+4.1%) • Hotels, Restaurants & Bars (+5.7%) and Recreation & Culture (+3.1%) are top performing sectors • Clothing & Footwear sees biggest drop in spend since April 2012 (-3.8%)

December rounds up strongest quarter for consumer spend since 2014

Headline findings · Consumer spending up +2.6% on the year in December · Spending growth remains solid in e-commerce categories (+5.5% year-on-year), but rises only slightly in face-to-face categories (+0.7%) · Hotels, Restaurants & Bars (+7.3%) and Recreation & Culture (+6.4%) see strongest increases in expenditure

November spending reached 22-month high, driven by e-commerce around Black Friday

Consumer spending increases +3.2% year-on-year, the highest rate since January 2015 Record increase in e-commerce expenditure (+12.5%), but face-to-face spending declines slightly (-1.4%) All broad spending categories see higher spending, led by Recreation & Culture (+9.3%)

November spending growth reached 22-month high, driven by e-commerce around Black Friday

Headline findings • Consumer spending increases +3.2% year-on-year, the highest rate since January 2015 • Record increase in e-commerce expenditure (+12.5%), but face-to-face spending declines slightly (-1.4%) • All broad spending categories see higher spending, led by Recreation & Culture (+9.3%)

Cash is a Ghost of Christmas Past

• More than £2bn spent on Visa cards during Black Friday • Online Visa spend in week leading up to Black Friday up 13% year-on-year with almost £1bn spent on Black Friday, alone • Contactless and mobile technology are driving new shopping habits in the run-up to Christmas