B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Dated
5.9%
5.9% -- annual consumer spending growth for UK consumer spending (February 2023)
UK consumer spending on payment cards increased by 5.9% year-on-year in February 2023 according to Barclays.
- Annual growth rates were impacted by the lifting of Omicron Plan B restrictions in the prior year
- Spending is not adjusted for inflation
Attribution:
View source
Lighthouse Research Team
Last verified:
·
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Source verified
Evidence graded
Value
5.9%
Unit
Percentage
Data Vintage
February 2023
Entity
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Score breakdown
Extraction
95
Source Trust
50
Citation Chain
90
Independence
90
Methodology
45
Freshness
79
Source
Rally
Primary
Tier A
https://www.wearerally.co.uk/blog/2021/7/20/5925z5zn32w2qpuj5o9izgkskml6hf ↗
Source Article
Valentine’s Day spending boosts British retail sales in February – BRC
By Suban Abdulla
LONDON (Reuters) – Valentine’s Day helped to boost British retail sales in February but volumes remained down on last year as households cut back on non-essential items, a survey published on Tuesday showed.
The British Retail Consortium (BRC) said spending in store chains increased…
Original Research
Rally
· Original study ↗
Methodology
Data from Barclays on payment card spending.
Methodology documented
Segmentation
Channelcommon_crawl
Cite this stat
Plain Text
UK consumer spending: 5.9% annual consumer spending growth. Source: Rally (February 2023). Via Lighthouse Intelligence -- https://lighthousedata.io/data/consumer-spending-growth-february-2023
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<blockquote cite="https://lighthousedata.io/data/consumer-spending-growth-february-2023" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>5.9%</strong> -- annual consumer spending growth for UK consumer spending<br><small>Source: Rally (February 2023) · <a href="https://lighthousedata.io/data/consumer-spending-growth-february-2023" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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