CCR Magazine

You are here  :Home arrow News arrow UK Card Expenditure Statistics: January 2017
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
UK Card Expenditure Statistics: January 2017 PDF Print E-mail
Monday, 20 March 2017
Payment card spending in January 2017 was £57.1 billion, up by £0.5 billion (0.8 per cent) on December
Spending was up by £5 billion year on year
· The number of purchases reached a new monthly record of 1.3 billion
· Online spending amounted to 27 per cent of total card spending, with 176 million purchases worth £15.3 billion
· Retail sector card spending grew by £134 million in January, to £25.7 billion. The largest increases came from automotive fuels and food and drink
· Within the service sector, spending grow by £334 million to £31.4 billion, with the entertainment sub-sector a strong contributor to growth

The debit and credit card share of total retail sales was 77.4 per cent in January.

Richard Koch, Head of Policy at The UK Cards Association, said: “Payment card spending continued to increase in January, as did cards’ total share of retail sales. These figures once again show consumers’ preference to reach for cards instead of cash when they pay for goods and services.”
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197