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UK Card Expenditure Statistics: June 2017 PDF Print E-mail
Wednesday, 09 August 2017
Total card spending reached £57.1 billion in June, up by 0.3% on May and 7% on June 2016.

There were just under 1.4 billion card payments in June, a monthly record and a 12% rise in the last 12 months. This is the highest annual rate of growth in the number of payments since June 2008, driven by a robust rise in online (+20%) and contactless (+143%) purchases.

Retail sector spending rose by £19 million in June to reach £26.1 billion. The largest increase in retail sector spending was on food and drink, which passed £10 billion in June. Service sector spending rose by £138 million to £31 billion.

Contactless payments accounted for 34% of all card transactions, while online payments accounted for 13%. Richard Koch, Head of Cards at UK Finance, said: “Contactless payments accounted for a third of transactions in June with consumers continuing to use their cards for lower value purchases. While spending recorded a relatively modest monthly growth, the number of transactions rose at a faster rate with some 46 million card purchases made every day.”
 
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