Barclaycard Retail Card Spending Index shows that April spending is flat
The latest data from Barclaycard Global Payment Acceptance shows spending on credit and debit cards in April was broadly flat with a slight increase of 0.8% from March. Year-on-year spending was up 8.9% compared to April 09.
The busiest day for transactions overall was the 30th April, which was the Friday of the May Day bank holiday weekend when 12.7 million transactions were processed.
The Barclaycard Retail Card Spending Index is based on spending on all credit and debit cards across a wide range of retail sectors, at retailers that use Barclaycard to process their credit and debit card transactions – about a third of UK businesses.
Commenting on the data, Stuart Neal, Head of UK Payment Acceptance said: “We’ve seen a much lower increase in retail card spending in April, although it’s still positive news for retailers following the 18% increase we saw between February and March. Looking forward to next month, I’d expect credit and debit card spending to be broadly flat again.”
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