Cautious spending for October pub-goers

Pubs October consumer spend
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Pub-goers spent more cautiously in October due to rising concerns over household bills and the cost of Christmas, according to Barclaycard’s Consumer Spending Index.

 

Spending at bars, pubs, and clubs is still on the up, just by a smaller rise last month than in September, however restaurant spending experienced a larger decline than the previous month, while take-aways, entertainment subscriptions, cinemas, fuel, and the travel industry enjoyed a boost.

“The expensive festive period on the horizon, combined with ongoing concerns around the impact of inflation and supply chain shortages, has meant we’ve seen steady yet cautious spending from consumers in October,” commented Barclaycard head of consumer products, Jose Carvalho.

“While the uncertainty around rising household bills appears to be weighing on Brits’ minds, the encouraging growth we’ve seen in entertainment and international travel shows that consumers are still keen to enjoy leisure activities and holidays.” While overall consumer card spending grew by 14.2 percent in October compared to the same period in 2019, 38 percent of consumers found it harder than normal to buy essential items due to shortages on the shelves – highlighting the continued supply chain issues across all industries.


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